Indices moved up modestly overnight. ES retested the high of last Thursday. It falls back to yesterday's closing right at 9 AM now. TF has had a similar pattern. EU is scheduled to have its summit today to discuss Greece situation. Market is waiting for any development of the summit.
My ES/SPX targets are: 2069-72, 2076-79 to the upside, 2060-57, 2053-50 to the down side. RUT: 1251-53, 1257-59 to the upside and 1242-40, 1238-36.
My execution:
All of my levels for the downside in ES/SPX and RUT got pouched through. I didn't expect the retest of ES Sunday low was going to be retested today. Of course the EU summit might have affected the price actions. Buyers stepped in at exact point of ES Sunday low and SPX 200 MA. ES/SPX closed with a bullish engulfing daily bar. RUT was not as strong as SPX. It closed at yesterday's value high. I sold couple more SPX August 3, 5 put spreads. Also closed a SPX July 3, 1860 put and a RUT July 3 1070 put to raise some margin and lock in my profit at 90+ %.
Wheat came down near 2% so I rolled over couple of my July calls and lock in July 505 put profit and roll it down to Dec.
I am going to FL for a family vacation starting tomorrow. I will trade with limited access. until next Wednesday.
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