Another gap down day setting the trend on Monday. China's funding shortage caused Shanghai index dropped a warping 5.6%. It's like a snow ball kept rolling. ES bounced off Fib 78 level for a good 25 point pop but failed to close the gap and stay in last Friday's range. It appears the selling is not over yet.
I didn't have any new position filled nor exited any position. I was hoping the intra-day bounce would give me a change to exit the 1550 position. I may end up suffer a ITM position tomorrow if there is no bounce tomorrow. ES touched 1554 today.
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