It's the fifth consecutive day of new high for ES. It feels like the late 2013 again. ES kept pushing up despite talks of too high and over due correction. I had one leg up of 1945 bear call for June 14. I wasn't patience enough yesterday and early this week to wait for Fib 23 target.
Grains still couldn't get much energy to even hold a bounce. Wheat and corn finished 3rd downing week. I had to add one 2.5X of 6.2 to my wheat bull put as wheat was at Fib 62 weekly according to my plan.
Soybean is holding up well due to strong demand. I don't know how long it could hold since summer's futures contract prices are much lower than current one and there may be more imports from Brazier.
Energies are still in range but leaning down slightly. I tried to add a put in CL to hedge my margin but didn't get filled. Will try again next week.
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