This is a quad witch option expiry week. The futures front month is rolling over but we have not yet made the change to September futures.
Volumes remain remarkably light even for June.
Support is obvious.
Keep a close eye on the VIX volatility.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception