Someone really wants S&P 1040 to hold today as shown in the early trading. Despite the premarket action buyers came in immediately to push the S&P to 1040 in the first few minutes. Until it breaks & stays there, I don't want to be aggressively short so I will be selling the put exposure from yesterday for small gains.
Aggressive traders can consider going long above 1040 with a very obvious stop loss level. I will probably do some of this myself if things hold firm in the next 15-30 minutes.