Three Signals Pointing Back Toward All-Time Highs

On a huge up day, Mike Butler lays out why this looks like a recovery toward all-time highs rather than a one-day pop. Three things line up. The volatility futures got crushed, with the front contract down over 10% and the curve back into healthy contango. Crude fell sharply and its backwardation got zapped out entirely. And the breadth is genuinely broad: the equal-weighted S&P is back at all-time highs, with 73% of names above their 50-day. It isn't just the Mag 7 ripping. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 The market flipped overnight 01:38 SPX leading the Nasdaq today 02:00 Why this looks like a recovery 02:11 The volatility structure got crushed 02:32 Back into healthy contango 02:41 Crude's backwardation zapped out 03:06 The equal-weight S&P at highs 03:18 73% above the 50-day 03:49 The year-end target in SPX 04:03 Those probabilities more than doubled #tastylive #mathcheck #mikebutler #spx #breadth #contango #volatility #alltimehighs #optionstrading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.