$4.9T TRIPLE WITCHING BEHIND BIG STOCK RALLY, BOND SELLOFF CONTINUES, BOJ TO START SELLING ETF HOLDINGS
By Nigam Arora
To gain an edge, this is what you need to know today.
$4.9 Trillion Triple 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 continues to levitate well above zone 1 (support).
- RSI on the chart shows the stock market is overbought. Overbought markets are susceptible to a pullback.
- The chart shows the stock market made a new all time high yesterday.
- Yesterday, the stock market ran up on three reasons:
- Excitement over interest rate cuts
- Short squeeze
- Triple witching expiration to the upside ahead
- Triple witching is today.
September 19, 2025