45 min left in trading on this Expiration Friday (Remember that index options expire at the Morning's opening print) S&P Futures (ES 1.42% _F) remain stairstepping lower from Tuesday's peak on hourly charts- TNX remains lower by -0.02 bps at 4.25, though well off yday's 4.328 print- and has pushed higher in the last few hours which has coincided with the US Equity rally stalling out right at resistance- Belly of the curve (FVX actually showing the most decline today- I expect another 4-6 days of selling in US but risk/reward is getting poor for those betting on too much downside from here. Energy, Utilities, REITS, Industrials and Materials all positive today, but it's the action in Financials & Healthcare on downside thats having a downward pull on indices today- Tech largely flat (AAPL 0.22%  is up from earlier$171.70 low and at 174.22) Commodities having a good lift with Wheat up 4%, Copper trying to stabilize, and energy higher- Natural Gas up another 2.8% and has rallied for 4 straight sessions- I expect SPX to bottom out next week at 4300-30 area- and QQQ might reach 349- For now, early- Have a great weekend all