US500 at Record Highs: Caution Ahead of Options Expiration

[TradingPuzzles]

US500 at Record Highs: Caution Ahead of Options Expiration

The US500 recently reached a new all-time high near 6700 but quickly retraced back to 6570. The index managed to recover most of those losses, climbing again toward 6680.

In my view, however, we could be approaching the start of a downtrend that may develop by the end of the month.

In my view, we could be on the verge of a short-term downtrend soon, which could be created by the end of the month.

Today marks not only the end of the month but also the close of both monthly and quarterly data.
For indices, this coincides with option expirations, which often increase market volatility. Given the prolonged upward trend, these expirations could trigger corrective moves, so caution is needed.

You may find more details in the chart!
Thank you and Good Luck!

[Couturier]

Solid breakdown US500 at record highs always raises caution ️ — with options expiration ahead, volatility could spike and fuel a corrective move. Smart to watch 6570–6680 closely for confirmation