SPY 5m |
The OI for next week is biased to call side while the market is already in overbought condition. In addition to it, most of futures traders will start rolling over in next week, which often cause increased volatility.
What we expect next week?
We don't get surprised even if we see some degree of sell of next week and the target could be 1925 for S&P500 (cash), which is 0.382 pullback level from February low.
Happy trading.
Happy trading.
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