[…] Stocks managed to bounce today, although they lacked the conviction to go out near the highs.
The Dollar fell, the VIX was lower.
But gold and silver were rallying. But they have yet to break out of their current consolidation patterns.
The big tickle this week is the quad witch option expiration on Friday.
Quadruple witching refers to the third Friday of every March, June, September and December. On these days, market index futures, market index options, stock options and stock futures expire, usually resulting in increased volatility.
But we may see some pre-shenanigan shenanigans on Wednesday with the FOMC announcement.