Monday's Trade Crushes "Call Wall" & KG on How SPX Could Run Higher
Schwab Network · Schwab Network
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Show Notes
After blowing through the 6300 "call wall" this morning, Kevin Green is looking at 6325/6330 to the highs headed into Monday's close. He saw "risk reversal" activity in today's options flows and says tomorrow's economic data will be critical to watch. KG looks at the S&P 500 (SPX) on a long-term 20-year monthly chart to visualize potential upside still ahead for the markets. With earnings season in focus, he adds a comparative chart study of the SPX with stocks trading above their 50-day simple moving average as another way to gauge current market strength.
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