0.00Open38.96Pre Close0 Volume0 Open Interest565.00Strike Price0.00Turnover3176.17%IV-0.26%PremiumDec 3, 2024Expiry Date40.56Intrinsic Value100Multiplier0DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type0.9604Delta0.0037Gamma15.54Leverage Ratio-1761.2266Theta0.0000Rho14.93Eff Leverage0.0006Vega
SPDR S&P 500 ETF Stock Discussion
This provides further evidence that the labour market is softening.
Looks like an another rate cut is on the card.
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let's see if we can push to 607.47 / 608.44 before a pull back - RSI needs to reset which means a pull back or consolidation before deciding to aim at 611.61 or continue to break down.
604.42 / 605.1 is a support key area, below that SPY will head to 603.35.
Since the 5 Nov’s voting day, the S&P 500 has climbed 4.6% and the Nasdaq has surged about 5.7%.
Investors are going on full risk-on mode with lots of factors supporting their bullish sentiment - inflation trending down, cutting of interest rates and solid earnings from companies.
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