The S&P 500 faces increased volatility after breaking key support at 6,800 amid surging oil prices near $91. Negative gamma positioning and widening credit spreads signal potential downside toward the 6,700-6,500 range.
Markets turned volatile as oil surged near $91 and the S&P 500 broke below key support at 6,800. Rising volatility, widening credit spreads, and negative gamma positioning could lead to choppy trading and potential downside toward the 6,700–6,500 range.
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