My plan:
The overnight session held up similar to the night before. The new high is holding up well. However, it seams the bulls are unable to expand its up push so far. We may see a pull back to the seen of crime. My plan is to sell put on pull back.
Grains moved lower. Wheat is at 5.00 again. Corn is at the edge of HVA of 375. I didn't expect this down move based on seasonality. I will wait and watch.
My execution:
No new trade in any market. ES/SPX had a small sell off after reaching a new high of 2117. It's closed back into yesterday's range. We may get a small pull back in the next couple days if indices can't make new highs
Wheat closed below $5 market and hanging on the edge of CHVA. The key to watch is if the retest early Feb low of 490 would hold. Corn closed back to its CHVA. The test of 371 was rejected at closing.
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