My plan:
Indices futures opened up on Sunday night. ES is above last Friday's high after European open. Asian and European market mostly higher. DAX is leading the gainers with 1.37% at the time of writing. ES appears ready to challenge the all time high of 2119.75 of April 26. My ranges for ES today are 2112 to 2118 above, 2010-2095 below. RUT/FT looks more bearish than ES. It broke balance area on daily and at low of weekly balance. I will sell puts in ES/SPX and calls for RUT. I need to follow my monthly review and plan. Give enough room for the down side when trading Karen's system, especially on RUT.
Corn and wheat are at lows of last Friday and CLVA. They are very bearish. They could explore lower and establish another balance area below. I may sell Sept wheat and corn put base on seasonal trends.
My execution:
ES pushed into my upper target area at high of 2115. It couldn't break up to a new high with lack of energy. RUT moved up to the edge of current CHVA. It may chop in 1210 to 1240 range to do some fillings. I sold one set of SPX June 3 2220/40 to fill my Etrade spot. closed couple of May 3 positions. It's a 10 point range for for ES. Feeling bored after the first hr of trading. I will be driving to UNC tomorrow and won't be able to trade. Let my current positions decay a little more.
Corn and wheat are still hanging on a cliff. I have no trade there.
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