The market has retained and reinforced the small topping pattern as the market makers worked it to the large, open interest monthly and weekly options expirations. The biggest concentration is around 3900, and the market is hanging right there.
So let’s take the weekend and see if there are any great insights. Rates climbed again today, and there are a lot of nuances in bond market volume as well as the gold/silver ratio I need to evaluate.
Enjoy your weekend.
A.F. Thornton