look like santa rally is slowly taking effect, $CoreWeave, Inc.(CRWV)$ is seeing 20% pop. this give higher confidence in the market will 6800 is likely hold
Further Breakout! S&P 500 Sprint to 7000 During Santa Rally?
The recent rally appears closely tied to technical positioning following a record-scale triple witching, with a large volume of S&P 500 options expiring between the 6,700 and 6,800 strikes. As those constraints cleared, upside momentum strengthened, shifting attention toward the 7,000 psychological level. Options data suggest positive gamma is building above 6,835, while the 6,900 area has emerged as a key near-term zone of two-way positioning.
Do you see 6,900–7,000 range as a breakout zone?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments