We can see that the S&P500, The NQ100 and the Dow Futures display rather negative EV patterns.
I was expecting an options expiration triggered bounce this week, but nothing is happening for now.
The 20DMF still displays a continued negative divergence, while the NQ100 displays a somewhat positive Money Flow. This again points to a market that is guided by the Nasdaq.
On the energy front, oil continued showing weakness, pushing XLE lower.
Weakness was also detectable in health related sectors, including Biotech.
Conclusions:
Options expiration bullishness expires tomorrow. It looks as if the market is looking at more negativity down the road.
