Indices stayed up overnight with Asian and European markets recovery. ES gaped up above Monday's high and closed Sunday's night's gap. ES closed inside of Monday's lower range. RUT also closed Monday's gap but closed below Monday's low. After an attempt of a steep push down to near yesterday's high after 2 pm bulls staged a strong offense to make a new high of the day. The next target for bulls is above 2000. It may be a tough fight. One indication is that VIX future is still at 24 range. It didn't even go below Tuesday's candle body despite the rally of the last two days.
I closed the rest of two RUT positions with some profits for a change today. I will work on three more of SPX puts expiring tomorrow. My highest position is 1930 and 50+ points away from today's closing. I will be OK unless we get another 50 points down day. With the high VX, it's possible but not likely. I will prepare my exit orders tomorrow morning. Then deal with Monday's month end closing as well.
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