It’s been a relatively quiet Globex session with little movement during the Asian session and a slightly bearish tone in the European session.  It’s the first trading day of a new quarter which is generally bullish with the DOW up 21 of the last 26 years.  However, the bullish bias should be weighed against this week’s 5%+ move higher.  In other words, markets may take a breather today as traders start heading into the 3-day holiday weekend early.  My expectation is that volatility will shrink today.  Size bias is short into the US session open.