I didn't write down my plan today since I had to help June to load her staff back to her school.
Futures dropped sharply overnight on further decline of Yuan. US indices futures stayed below yesterday's low prior to RTH. My margin was tight so I didn't place many orders to sell puts. After testing the lower end of current balance area indices staged a turn around in the afternoon. All majors moved back to yesterday's range. I sold couple of calls in SYX and RUT. Now I am balanced in margins. I will try to close more positions to free up my buying power.
Corn and wheat dropped sharply after USDA report. Corn made a new low of current contract at 3.46. It closed back at prior low and may be forming a bear flag. Wheat is not too far from making a new low either. I will wait for a day or two to see where this market is going.
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