$NVDA update:
The 212.5 and 215 short gamma nodes will keep pulling price up. 215 grew to this 27m exposure from open today.
These two nodes are moving in unison and the 210 that was once king is now at 220 with a major exposure of 63m.
I believe the run will continue (NFA) - the H200 chip shipments to China is a major catalyst for the name.
Trump: I have decided to replace the 20% United States reimbursement fee with trade and investment deals that various Gulf states will be making with the United States.
Market Seasonality starts to matter more after July options expire as the typical late summer chop and volatility can lurk.
Looking at the seasonal odds of an up day over the next 3 weeks shows this week the most bullish so would expect any dips to get bought still into 7/20 or so. We have VIX expiration after this week on 7/22 and seasonal odds start t weaken just about then with the last week of July less stronger.
As for this week of OPEX upcoming, the Monday before expiration has been up 17 of the last 22 years on the Dow by more mixed on the Nasdaq.
$SPX - The mid year rally(last 3 TD of June + first 9 TD of July) ends on Tuesday. We're approaching the next 80 TD low. The last time it extended to 86 TD due to the war. The timeframe for the next low is July 24-August 3, so the timing of the low will depend on MAG 7 earnings.