Quad Witching has provided the volatility needed to break the winning streak.  SPY has seemingly found support near $115.75.  In as much as I’m distrusting of that support based on very weak internals (it’s easy to see an eventual move to the low $115s) — it would be typical of recent action to ramp into the close, so I’ll respect that support for now even as I’m disinclined to switch long.  Oh, and I have no idea what they are talking about on CNBC, volume has been huge — the re-balance trade may be contributing.

Never Investment Advice