12:44 pm EDT:  Have not updated yet because not much has changed.  Leaders are hugging support/resistance levels we’ve been watching and the ES is not moving.  The overnight low has held, so we are mildly intraday and still medium term bullish.  Often on opex days there is a rally from 3:00 to 3:30 pm and a sell off from 3:45 to 4:00 pm. 

The ES sold off early at one tick below yesterday’s closing VWAP of 1093.00 (as measured on the 30 minute–closing VWAP measured on the more precise 1 minute chart was the actual morning high of 1092.75).  The benefit of following closing VWAP, yesterday’s market profile point of control, day-session-only pivot, combined session pivot, 4:00 close and official 4:15 settlement, is that a few of them often cluster together and give a good entry or exit range.