It's an unusual quadruple witch Friday. ES had a 5 point range. It usually would have a bigger than normal range but today was smaller. It feels that market is in a waiting mode. Bears and bulls are building energies. There is no sell off so far like most time this year. Next week will tell if the bulls are still in control.
Grains are moving independently today. Corn is up and soybean is down. Wheat went up earlier but dropped at noon. Is it retest b/o area or ready to make a new low. I will see if the IHS pattern would hold. I entered two more roll over positions for wheat on the way down. I lowered the strike prices to reduce risk. I sold calls to compensate lowered premiums. Hope it's a better way to recover the disaster of my mismanagement.
I am going to CA with family next week. I will use my limited time and access to manage my positions. I raised exit price target for my RUT bear spread. RUT is in the money of my 1180 now. It looks like a small blow out of my position.
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