It's way too early to say, but as mentioned before, today would be an epic 1-day key reversal, in line with the proportionality of the liquidity that built this ginger bread house and the divergences/Leading Indicators, etc. SINCE that liquidity was shut off -QE.
The normal 3C charts of the averages will be up soon, but right now since these have preceding information to look at the preceding 3C trend, these are the most accurate charts.
HYG seeing distribution will be a huge signal and one, if strong enough, that points further to the case for a monster Key 1-day reversal.
As for op-ex, even if the pin was at SPY 199 yesterday, it can't hurt them to set the pin later as additional calls are bought this morning, they'd be able to pin those as well and since traders are greedy, they'll try to hold on to calls as long as possible, making them easy targets for a pin later in the day, a key 1day reversal would accomplish all of that. However that's just a theory and what I'd do if I were running the "Criminal syndicate".
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