It was an inside day within last Friday's range. The deck clearing action before FOMC hasn't happened. Maybe market is not expecting a rate hike at all. It appears no fear of it. A federal budget deal is reportedly near complete. We may see another pop with some good earnings report. Everything is rosy again. SPX is ready to test August broken down area. NQ already past that point and heading to a new high. I may have to roll my ITM calls again at end of this week. Market can be extended in either direction for much longer than people expected. SPX has gone up 10% in four weeks since the retest of low.
I was able to close couple RUT calls with a small profit and reduced margins. But the ITM calls are still heavy on risk side of it. I had to buy couple more far OTM longs to reduce margin requirement.
I feel like I need to redefine my trading rules. I have made some changes of my setups after the August crash. It need more clarity.
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