$SPX Keeping an open mind to a higher low here. "Max Puts" have to be repositioned at some point. No idea where it starts or stops today, though this is showing that the big money has already bought protection. Triple witching coming up one week from today, next Friday. My thought is that the trade will get flipped as gains get locked in from the shorts. Look at the history as the previous trading rallies have happened in this fashion. Money managers need bonuses too. I'll respect price action and play support and resistance levels accordingly. Open minded to a new low, though I just think the fear is getting overblown here and there is incentive to reverse the trade over the next week or so. Possibly sooner than later.