This week, options flows aligned perfectly with the market's rally following the FOMC rate decision, pushing the S&P 500 to a new weekly all-time closing high. As we head into next week, the market will recalibrate for Q4, with new support and resistance levels forming. Kevin Green highlights the market’s underlying breadth, noting the potential for over-extension as a large number of stocks hover above their 50-day simple moving average. Traders should also stay mindful of seasonality, with potential volatility looming in the next two weeks.
Market On Close
20 Sep 2024
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