I expected a further down day from last Friday's closing and Sunday night action. Ukraine is still a cloud over hinging. The sell off started right after open. I expected ES to move to the CLVA of 1856-1839 in a day or two. Therefore I didn't want to establish any position early in the morning. But ES met strong buyers at 1860, the low of HVA. I followed my plan despite I didn't get any fill in ES.
Grains started diverging. Soybean was down. Wheat and corn were up. I got in bear calls of June for both wheat and corn. Wheat looks shaky. It may have more upside with poor crop rating and Ukraine situation.
Energies are in rang bound. It helps for time decay. I didn't get any new fill today and I am fine with it.
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