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Good Morning! Both the SPY and QQQ look poised to erase yesterday’s modest gains at the open, and we could be in the midst of a rounded top. Gradually weakening buying followed by accelerated selling over the past several sessions have set us up for what could be a tough end of the week for the bulls. Granted, these markets have spent many sessions in the past month showing intraday reversals, so most smart traders won’t be piling into puts at the open. The SPY has what may be a nice double top forming as well, with the 60 minute opening range having been broken to the down side four sessions in a row.