Short Term Trading Week Starting: 08 Mar, page-91

Hey traders, SPX and NDX brackets can be seen in the SPY and QQQ.   They will be slightly different than the indices and futures.  There are sub-brackets - and it is sort of flexible - but the bigger picture is more important because ASX is having other influences for now, though it looks like your small caps are doing their own thing.  The point of contention for SPX monthly expirations seems to be trying to shift from 3860 to 3900 with a view to 3950, but 3900 is obviously still a hurdle. This is partly because the NDX is still under the influence of Treasury yield volatility around the 1.5% yield area and is putting a drag on the major index while our industrials and small caps were pretty much on fire today.  The DJIA and RUT indices are influential, but traders are most focused on the technology sector this week. Will be keeping an eye on hedging levels as going into quarterly expirations next week.  ES futures moved in a tight pattern during Wednesday's rth session, and the overnight session has tightened up in line with the day's highs.