Market Update

It's a very typical Op-ex pin-type day, just like the overnight session with a series of small corrections, ES was held in a tightening range that looked like a triangle pre-market. The same is happening in the averages. In some way it seems the USD/JPY is contributing, it hasn't moved up yet, but has a positive divegrence intraday to do so, that would tell you the level of coordination in manipulating this market, but of course most of these big Wall St. houses trade currencies along with everything else.

SPY recent positive divergence and the range it seems to be holding in.

ES as seen pre-market had a series of these little adjustments in 3C to form the tight range, here you can see Es has the same signal as does the USD/JPY.

Op-eX must be very profitable, with roughly 90% of all options expiring worthless, the juice is definitely on the "writing them" side, especially if you can pin the market on op-ex.