MARKET DAILY

Market 07/19: Risks ahead of VIX OpEx

View on the impact of this morning's massive VIX Options expiration

US stock market had an extremely strong upside session yesterday with buyers dominating throughout the trading session. Real buying pressure from investors combined with clear panic from short sellers in the tech sector made the upper end of the index almost without any resistance. SPX Call Wall moved from 4600 down to 4550 in the early morning hours, continuing unable to stop the index.

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