SPX daily ch
SPX daily

There is a short squeeze unfolding in markets today with the heavily-beaten-up shares of Tesla rising more than 10%. At times market bottoms start with squeezes and there is some optimism that tariffs won't be too bad.

With that, the S&P 500 has extended to a session high up 1.7% and the Nasdaq is up 2.25% in a great start to the week. The Mag7 stocks are all strong and may have been held back last week by a huge options expiry block.

Source: Forex Live