The September Quad Witch has been a downer today.
The S&P opened one handle higher, making the high on the open and sold off all day.
Call it: overbought, over extended or over due for a SELL OFF
LAST: 1702.80 down, 14.6 handles
VOLUME SPZ/2,000 ESZ/1.6 Million
MOC 280 million to sell
Chicago Fed National Activity Index
PMI Manufacturing Index
Dennis Lockheart speaks
As always, use stops and keep an eye on the 10-handle rule. Don't forget to catch MrTopStep on The Closing Print video found under the OptionsTV page (top bar). We report directly from the SPX pits, wrapping up the day and positioning for trade tomorrow.
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