My plan:
Indices stayed in range overnight. ES is building a range of 2115-2102. We may see a range day on this Friday of month end. Bulls are still in control. My plan is the same as yesterday. Try to sell at both edges.
Grains pulled up some. Corn and wheat are forming a IHS in 120m bars. I may add couple of corn bear calls since I don't have any and it's free margin. The rest is just wait for decay.
My execution:
Indices had a lower high pull back after testing the upper trend line. ES/SPX closed within current balance area. ES tested yesterday's low of 2101.5.
Sold RUT April 3 1060 for $2.05. Karen style.
Sold ES April 1 1850 for 2.2. My 30 day range set up.
This week closed with a modest win of $700 and no stop out.
Corn and wheat played out their IHS beautifully today. Wheat and corn closed 2.5% and 1.2 % respectively. No trade today.
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