Thursday Night Updates and OPEX Plan Tomorrow (3/16/23)

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Good evening traders, the markets closed higher today with the SPY 0.00%↑ up almost 2%!

One thing to note is that tomorrow is OPEX or options expiration which means that institutions will be rebalancing their portfolios as derivatives expire.

Another thing was that most of today’s price leaders were on below average volume, and a lot of the bounce was from the financial names which are seeing huge rebounds.