ES initiated a selling in the morning but didn't go down very far. Buyers stepped in at the low of HVA around 1944. The LVA below is between 1944 to 1938. Obviously my put sells didn't get fill. I had two add on of 1845 and 1935 at 3X this week. I have to get out in two days one way or another. It's a riskier play. Get to remember not to leave any futures position for assignment. ES has not had a red week since April 18 bottomed at 1800. It's frustrating to trade one way market. I tend to make boredom trades in such market conditions.
Grains continued to against my positions. Wheat tested 600, down another 11 points. I am glad I didn't release the long order set at 604. My goal is to wait for confirmation of market turn, not to pick a bottom. I had wheat 620 and 610 add on in attempt of rescue these positions. I set scale out orders already and hope tomorrow's USDA report will generate a large price movement to fill some of my orders. I will plan to roll over my underwater positions once the market directions are clear. It's very bearish right now with the improved weather condition and China's ban on GMS products.
CL continued it move up and NG had a 2% down day. My goal in energy front is to lock in my profits and wait for next opportunity.
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