My plan:
Indices futures pushed up on ECB president's news conference. ES and RUT both touched their balance highs and pulled back. It's hard to tell if we will have a break out. We may still stuck in the range until the clear deck actions before FOMC. My plan is to only fill in current missing Iron Condor or Strangle spot.
Wheat and corn held yesterday's gains overnight. I will let my wheat go a little further while watching the price actions.
My execution:
Indices reversed lower highs and lower lows today. ES, RUT didn't have a sell off before closing either. The pattern has changed to more bullish settings. I closed couple of June 1 and 2 positions to increase my margin. I only sold one RUT call spreads. Market popped up pretty quick.
Wheat and corn gave up today's gains before closing. I had no trade in this front.
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