My plan:
Indices future stayed in range. ES formed a wedge in CLVA between 2112 and 2123. It's in a compression mode and will break out of it one way or another. In this uptrend and the double top week high, it's likely to test up again. RUT is point up on 4 hrs and daily B band. My plan is to sell puts on any weakness.
Corn moved up few tick above yesterday's high overnight. Wheat may have more to the down side. I don't have much to do here.
My execution:
Indices pushed down right after open instead up or chop in my hypotheses. ES closed right on top of the CHVN. I sold another set of 100P/1wk scalp with a mistake of forgetting (-) sign again. Luckily it was only 3 cars with $20 credit each. I added 3 more at $35 each to averaging it up. I sold couple of RUT July 2 and 3 put spreads but no SPX filled.
Wheat broke down with the bear flag pattern. It may retest early May's low on the edge of CHVA. Corn was under pressure too. I didn't enter any trades in grains today.
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