On October 11, 2024, the S&P 500 Index ($SPX) achieved new all-time closing highs, reaching a significant level of 5820, which corresponds to the 1.272% Fibonacci extension targets. This milestone comes as various sectors show strength, with the Russell 2000 Index ($IWM) also performing well, up 1.85% for the day and clearing a bull flag pattern. Analysts note that there is potential for further gains as long as the 21-day exponential moving average holds steady. The upcoming monthly options expiration (OPEX) next week is seen as a crucial time for traders to adjust their positions.