All the market participants that are long the SPX are having positive results.
This is important because 1. It can trigger more buying 2. It can trigger short covering and 3. It will trigger lowering the risks or options players like myself and placing stops closer to current market prices.
The VIX is near 22 which is not too low. Visit for key info http://vixcentral.com/
Check this pictures if you are not following, just requested it.
https://twitter.com/user/status/1370045652856672256
Of course, I do not know if the market will be able to keep this strength for a few more days or for a few more years. The economy is strong a macro data support it. I have a feeling that the US economy is growing very fast perhaps above 5% or 6% which might not be too “normal”. We will see the numbers we get during Q3 and Q4 for China, India, and USA.
Why the EUR/USD is trading at 1.2?