Technical Action

Looking at the technical action throughout today on this triple witching leaves little insight into when the this general correction will end. Selling pressure indicators for the SP500 have been running large since the opening as they have over the last several sessions. The Nasdaq 100 has had less pressure but has not improved it's overall downside profile either. The Friday before a three day weekend can bring late selling if there is an opportunity to pile on a weak session. A close over 1367 in the March Sp500 futures would indicate short covering rally will continue into next week.