SPX sees a strong rally as market flows gradually return, with Yen carry trade concerns and economic slowdown anxieties easing for now. The 5,300 level highlights significant long put positions, alongside emerging long call activity following today's session. With limited economic data expected on Friday, volatility could be set to contract as we head into the weekend, or maybe not. Kevin Green discusses the key levels to focus on post rally.
Market On Close
08 Aug 2024
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