Market Set To Continue Bull Run As Number Of Gamma Squeezes Decreases Despite Recent Market Downturn
Portfolio Pulse from Deep Dive Stocks
The number of gamma squeezes in the market is decreasing, with current totals at 1,451, down from recent highs of 2,500 in March 2023. This decrease is associated with future bullish market performance, and the current state points towards a higher S&P 500.
May 25, 2023 | 4:05 pm
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A decrease in gamma squeezes is associated with bullish market performance, and the current state points towards a higher S&P 500.
The article states that a decrease in gamma squeezes is associated with bullish market performance. The current number of gamma squeezes is below the 2-week average, and more squeezes are closing than opening. This indicates a higher S&P 500, which would positively impact the SPY ETF.
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