Quadruple Witching Adds to DOW & SP500 Decline

A 2nd Retest of the DOW JONES Industrial & the SP500 Decline will ripple its price action in the Asian market as probable contagion can finally happen by the coming week as we draw closer towards the end of the year's trading. This has been ignored by other traders not quite familiar with and how to navigate correlation with other markets.

Being a quadruple witching day with the expiration date of various stock index futures, stock index options, stock options and single stock futures are putting weight on the stock prices. This is on top of the price pressure from Oil price decline and a delayed reaction from the FED's actions that saw a 'relief rally' a few days ago as we stated in the previous analysis was just a temporary reaction from the FED's announcement.

Dow Jones Industrial Average Overlay SP500
Quadruple Witching Adds to DOW & SP500 Decline