Monday Should Be Ugly

The options expiration action kept the bears at bay, and with this low volume, options expiration games took control of the final hours of trading.  With the opex out of the way, I expect a hangover on Monday.  The key theme of this week was to get the bulls complacent with the false break over 1100, and then set up weakness for next week with Thursday and Friday's price action.  We are nearly unchanged on the week, I am sure bulls are very confident, maybe too confident, with the Thanksgiving holiday coming up.  But this market is showing signs of weakness which should be fully exposed on Monday.