Tomorrow is option expiry the market closed today above yesterday high. This is good news for the bulls and most of the short term short (3 months) might had to exit or take profits by now.
Stocks advanced as a weaker dollar pushed commodity prices higher. Treasury yields dropped, a day after the U.S. Federal Reserve signaled fewer interest rate hikes for the year. Optimism that a number of large producers will strike an output freeze deal next month pushed oil prices higher. Spot gold fell, while gold futures traded higher.
So what is next for the Future Market. Â The Nasdaq 100 is -4.0% YTD and the Russell is -3.68% YTD if those turn positive YTD there will be large rally in the SP500 which is showing relative strength.