From Yahoo Finance: 2025-03-20 17:58:00

The S&P 500 index is rebounding from oversold conditions, with potential support around 5,500 to 5,540. Resistance is expected near 5,770, with a McMillan Volatility Band (MVB) buy signal possible at 5,730. Equity-only put-call ratios are at oversold levels, and market breadth indicators are now on buy signals.

New highs on the NYSE signal a neutral state, while the Cboe Volatility Index shows mixed signals. Volatility derivatives are not bullish, with the VIX term structure slightly bearish. The market is in an oversold rally, with trading signals indicating potential for more than a rally if confirmed.

A strategy for SPDR S&P 500 ETF Trust spreads involves rolling procedures and setting clear rules for managing option positions. Specific instructions for various spreads and options are outlined to optimize trading outcomes. Lawrence G. McMillan provides insights on trading strategies and signals to help manage options effectively.

Read more: The stock market is riding an oversold rally for now. Here’s where it could end.