ES tried to push up but got knocked on its head today. It looks like the right shoulder continues to form for now. It is working in the HVA with current balance area. I had two fills in ES for the first 2 weeks of June. They are singles. I may add more if we have a follow up sell off tomorrow.
Grains rallied in morning season and faded in the afternoon. Wheat is back threatening my 660 position. It's holding at Fib 38.2% for weekly and may come to test 200 SMA at 650. I will try to take the risk off even through only 3 days left. Overall, I feel that grains are in bearish sentiment but waiting for new crop development. It could go either way with news about planting and weather.
CL and NG played in my favor today. CL came down and NG went up. I may try to sell 1-2 puts after CL inventory report tomorrow. I will wait to play NG after Thursday's report.
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