This week marks triple witching options expiration on Friday. Today's session was typically choppy and narrow range leading into options expiration. All the positives leading into the session including, lower oil, better than expected GS earnings, and CPI being reported as in line (excluding food and oil/gas). The latter is nonsense in my mind because food and gas weigh heavily on the everyman, middle class budget. But last week's PPI data was almost identical and it sparked a rally.
Crude inventories tomorrow at 10:30.
We could be in for more chop, so be selective in your day trading setups.
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