Get ready for the options expiration reshuffle! In today's update, Kevin Green dives into the latest options flows and their impact on the SPX. Bearish flows dominated Thursday morning, pushing the SPX to test a crucial support level at 5400. However, short-sellers covered, and buy-the-dip bulls drove the SPX to a new all-time high. With weekly options expiration happening tomorrow, institutions are poised to clean up residual positions post CPI & FOMC, setting the stage for next week's monthly expiration.
Market On Close
14 Jun 2024
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