Good Morning:

My tolerance for giving up our swing buy gains is low. I had wanted to see the index hold 3775, and we are slightly below that level in Globex – so my finger is on the sell trigger. 

All I see is market participants moving their put positions around. If they are not buying calls – the rally is unsustainable.

Resistance remains at 3800, with support at 3749, then 3700.

A.F. Thornton

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