RECORD $6 TRILLION QUAD WITCHING BALANCES ISRAEL IRAN WAR IN STOCK MARKET, SWITZERLAND CUTS RATES
By Nigam Arora
To gain an edge, this is what you need to know today.
Record Quad Witching
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows the stock market has pulled back from the bottom band of zone 1 (resistance). Zone 1 has been the magnet for traders.
- RSI on the chart shows the stock is neither overbought nor oversold. RSI on the chart shows internal momentum in the stock market is slowing.
- Quadruple witching is today. A record $6T notional value of derivatives will expire.
June 20, 2025