US futures were dragged down by European market with VW's scandal and bearish sentiment. DAX closed down 3.8%. ES was down near 2% by noon only recovered back to down 1.23% at closing. It tested Fib 50% RT today and bounced. MACD is turning negative on daily again. RUT has a similar picture and not showing oversold conditions. The next target below is Fib 61.8% for both indices I am trading.
I had my annual check up today so I didn't trade this morning. I place couple puts spread in RUT after I came back from Doctor's office. None of them got filled during the afternoon's recovery. I sold 4 SPY Nov bear calls leverage the selling pressure and scalping. I appears Tyler's heavy on call side has its merit for reducing risk of market crush. I need to study more of its perimeters.
US futures are down again after Asian market opened and fall. It looks like the 2nd shoe is falling down now.
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