Good Morning:

• As indicated in previous posts, today is the last day of the month and calendar quarter. It is also a weekly and quarterly expiration.
• We come into today neutral and in cash on all strategies, yet on high alert for a short covering rally to develop soon.
• There is strong support at the 3600 Put Wall, which may hold us today. But resistance comes in at the 5-day line at 3685, which needs to be conquered for a good pop higher.
• If anything, I would be more likely to wait for the close to do anything, and then, wouldn’t it be fun to hold over the weekend?

As always, stay tuned.

A.F. Thornton