I am back at my desk today after a week of FL vacation. With Greagreament and Chinese government intervention of its market crash US indices and futures are back to its up trend. ES and SPX closed their down gap of June 26. TF/RUT appear to be able to close it today. ES closed at the top of its current CHVA, above 2100. ES looks to challenge 2109 and 2117 above, below would be 2095 and 2089. RUT is in mid of CLVA of 1265-1290. It may take some time to fill in this area. Today's range would be 1279 and 1286 above, 1268 and 1263 below. I will try to sell puts for late Aug in both SPX and RUT on any weakness and cautiously fill in empty bear calls.
Gains pulled back for the last few days. I am fine in both calls and puts for now. I will try to exit my July contracts and lock in my profit.
My execution:
ES didn't show much buying power during the RTH and was pushed back to yesterday's range. It didn't reach my upper target of 2109 but hit my lower target of 2095 to the tick. Buyers stepped in before cash session took it back to current balance area. RUT was much weaker during the RTH. It touched the gap day's low but didn't close the gap. My 2nd area below of 1263 was hit. Over all it was a small range day for indices. I didn't have any new trade filled. My July 5 SPX 2230 bear call was closed for 0.10.
No orders for wheat position were filled either. Will try again tomorrow.
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