My primary thesis was down this morning based on overnight range. I didn't know what to expect when FT said that he expected a choppy day in the morning Trader's Bit. It turned out to be wild swings within a 11 point range. It breached both high and low of overnight range. Bulls and bears fought hard from top to bottom. Today's low was Fib 38% RT from Nov. 8 break out.
I only had one put sell of 1715 of Dec 6 filled. I shall wait for tomorrow to get my scalp of this week and another leg in for next week since the hourly down trend still intact. It would be third down day if tomorrow is down again. I took a SPY call near today's with Vader's twits and took half off 42% but the one left was dragged down with the closing. I have to decide what to do tomorrow along with my ES call which is under water now. I didn't take profit yesterday with 200% return. It failed too quick after ES 1799.75.
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