The SPX bracket is 3800 to 3900 and hedging has not changed very much but there is more support at 3700 for this week. If SPX is under 3900, traders will likely view all moves with suspicion. We are in a neutral situation per derivatives positioning as of early today. 3840/3850 area is a pivot for Monday. Watch the NQ/NDX and the volatility index as financials and industrials continue to take up the slack. Will update if anything comes across as weirder than usual. If this market is trying your patience, you are not alone. Thanks for that song @herbalist. I trust everyone is holding up well.
