The S&P 500 cash index (SPX) closed at 1325.66 on Friday, up 30.44 points for a net weekly gain of 2.35%
Last week $SPX had the best weekly performance of 2012.
This week is a major option expiration week, quadruple witching when stock options, index options, futures options and the futures contract all expire.
Whether the stock market can keep going higher or has another leg lower will be affected by heavy trading in puts.
The option game battlefield is lying around 1310. Bulls are fighting for 1340-50 and Bears are fighting for 1290-80.
To see the full analysis of the S&P and the S&P futures, visit www.naturus.com
