2920 remains our zero gamma target and with market volume basically nonexistent the market will most likely hold this level until some type of clear catalyst be it Fed minutes today or Powell speaking Friday. Once we get going in a direction we should trend for a few days.
Markets had to hold 2920 to break the volatility cycle from last week. Under that level market makers will amplify and selloff. The fact that the market buyers couldnt overcome just a bit of dealer selling isn't great. FOMC minutes Wednesday and Jackson Hold starting Friday.