US Entities Are Positively Expected📈
On the other hand, US market technicals continue to look very bullish, with algo and CTA funds likely going to be chasing rallies from here. The street is reportedly long SPX-gamma at the current juncture, so we would expect market moves to be muted at least until the mid-November OPEX date. Nevertheless, US indices look poised for an upward break, and we would caution against being short despite the remarkable rebound over the past 2 weeks.
#CTA_funds #algo #long_SPX_gamma #OPEX #macro