My plan:
Indices lowered overnight. US 2nd Q GDP came out at 2.3% annualized v.s. 2.5 expected. 1st quarter GDP number was revised up to 0.6% from -0.2%. It's hard to read indices direction today, but likely auction downward. My ranges for ES are: 2102, 2109 of CLVN to the upside; 2090, 2087 to the downside. RUT is likely to move back to CHVA of 1235 - 1261. It's currently filled the LVA of 1230-1208. My plan is to close ripping positions on both side. I will add positions to unfilled spots in SPX, RUT.
Corn and wheat moved up somewhat overnight. Wheat had a good export report pre market. I don't think it's a trend change event but hope it will stabilize its price trend. Corn is still holding its bear flag.
My execution:
Indices grind up after initial push down beyond overnight low. I missed the chance to sell some puts. However, it was early in the session and the direction was not very clear. I closed couple of positions on both side and sold couple of calls. Made another mistake of the same, forgot the minus sign. It appears there are still room to the upside.
Corn had a positive day while wheat lost ground again. No trade in this front.
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