I see SPX 1293 as next significant support after 1340 was broken and retested. Imo no fear selling is bad news for bulls cos it means no capitulation...
That was what I thought this morning, but I'm not so sure about this now. Does such a huge put/call skew always end up that way? Maybe the 135/136 puts will somehow expire ITM this time...
Fed minutes at 2pm est, that could change things.
Yes there is heavy res at SPX 34 area, its the lows on 6 march and the highs of several swings in 2011.
But its almost too obvious (an area to sell into), isn't it?
:D