I am back on my desk on this Monday after almost a week of absence.
My hypos and plan for today:
US indices moved up overnight with up movement of European markets. ES is back to the mid of its current CHVA after tested the lower edge. TF/RUT are in their CLVA appearing to fill in the pocket of 1200 to 1230. My targets for ES are: up to fill 2095 gap and 2105 to top edge of CHVA; Below 2074 for overnight low and 2065 to retest last Friday's low. RUT may be fill in its current CLVA as indicated above. My plan is to sell on both sides, more for RUT calls and fill in puts for my shorter term setups.
Trade is positioning for USDA Report on Wednesday. Wheat and corn moved up overnight. My plan is to reduce my positions before the report.
My executions:
Indices had one way drive to the upside. It was a 1+% closing day across the board. I sold calls in SPX, SPY and RUT in my accounts. I am balanced mostly with some spots to be filled in the put side.
Corn and Wheat had a big relief rally with +2 and 3% respectively. I sold some calls to strangle in my positions.
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