The indices had a positive session today ahead of options expiration tomorrow
They came down rather sharply in the morning and took out the recent lows, reaching the session lows about a half hour into it. At that point, they rallied sharply, rolled over retested, made lower lows on the S&P 500 but higher lows on the Nasdaq 100. When the NDX did not confirm, they took off and had a very sharp move, particularly on the Nasdaq 100, breaking out above the highs. The SPX did not confirm the breakout at that point, but the Nasdaq refused to fold, consolidated for an hour
Original post by Technical Market View