Image Source: Pixabay
 

- The market is currently at a geopolitical crossroads with risk increasingly affecting the tech sector.
- Despite the market being down 1.3%, the SPX's expected moves suggest the market is relatively unchanged for the week.
- Volatility indicators like VIX and volatility futures suggest heightened risk. VIX trading at around 20 signifies a more severe market situation than previous sessions.
- Tech remains a significant focus, with some big players like Nvidia (NVDA) facing challenges. However, tech giants such as Microsoft and Google remain relatively unscathed.
- With substantial open interest in SPX and heightened gamma risk, the market can expect significant volatility in the upcoming sessions.

Video Length: 00:14:18

More By This Author:

The Stock Market Is Resilient But How Long Will It Last? Your Mid-October Update
Gamma Squeeze As Monsters Of Tech UOA Rallies Market
Nasdaq Caves Under Geopolitical Risk