Here Are All The Critical CTA, PB, Liquidity And Buyback Levels And Positioning

While one may disagree with his overarching view, Goldman trader Bobby Molavi (see "This Is A Rally People Don't Believe In, But Have Finally Given Up Fighting Against") was right about one thing: this has become a market "where investment horizons have seemingly shrunk and positioning and liquidity are more important than they should be and fundamentals" no longer matter.

And in a world where only positioning, technicals, and liquidity matter, here are the most important market levels (according to Goldman's Sales and Trading desk).

Summary: