Evening Thoughts from the Corner: A slow start to expirations week

This was like watching paint dry today, with the S&Ps finishing right around break even.

We have to watch critical levels of support with the frothy action. We are watching $SPY at $193, and if breaks there watch out for $190. Implied Volatility continued to contract in the $SPY.

So, with this being expiration week, futures rolls in full-on mode, Fed meeting…. Let’s see if the challenge comes into play this week.

The bears are in need of a decent sell-off; and the bulls need a rest from the big moves. So, any trade that is going out from this point forward should be small size and disciplined. Do not force the trade this week. Will be talking Solar in the morning blog, see you then.