It's that time of month again, when the option players are gamed by the broker dealers and the hedge funds.
Volumes are light, and the market is range bound.
It needs to break out decisively from the area of resistance, otherwise the formation of a distribution top starts to look compelling.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013