The implications are that Option Expiration is up...for March.

March 14th

Indexes Have had buying through out the afternoon.The pressure has come from the Option side of the market. Internals are now showing more strength to come, and through out this Week...The top in the Major indexes that started last week has been side tracked by derivatives traders. The down trend will resume next week.

For the Traders out there that use R.N. Elliots Research , most signs show Dow 30 has completed another corrective wave up and are working on the down side.