ES made several attempts to get back yesterday's range but failed at closing. It tested mid of CLVA and around Fib 50 RT from Nov 8 low reversal to most recent high. It could bounce from here or further test Fib 61.8% around 1765. If we go down further it would take the market back to prior balanced area. Is the market ready to do that before Fed's meeting next week?
I exited two position of this week with over 90% profit to release some margin. I had only 30k left from yesterday's carried away trades. I entered one at 1690 for week 4. I may exit 1765 scalp less than 15 points away for this week tonight. Just to be safe and in case another drop tomorrow on weekly option expiration.
I took stop for my SPY calls. I didn't act quick enough to minimize my losses although it's less than $100. but it's over 90% loss. I am still not good at directional options.
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