US Entities Are Positively Expectedđ
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.
