Day 2 of Pull Back 3-4-15

Better do it late than not doing it.

My plan:

Indices moved lower overnight and continued to sell off after open. ES/SPX retested Feb 21 break out area. It's trying to push back to yesterday's low at 1pm similar to yesterday's pattern. I tried to sell indices puts without much luck.

Grains are down cross the board. Corn and wheat stayed in yesterday's range so far. Soybean is having another leg down. I will try to close some calls on wheat as it's below $5 again.

My execution:

ES/SPX retested Feb break out area of 2085 bounced. It tried to moved back to yesterday's range but couldn't hold it at closing. So far a lower low and lower high is in place for daily chart. The lines in the sand are 2106 up and 2080 below. Vol is still low. I only had ES 1720 filled today. Luckily the IWM mistake buying instead of selling was corrected today.

Grains stayed low. Soybean had another leg down and it's below $10.00 mark now. Wheat retested the trend line and the edge of HVA held so far. There may be another leg down if the bigger HS plays out. Wheat is my main concern now. I am light in corn and soybean.