ES pulled back about 10 points overnight out of 30 point range from yesterday. It parked on top of current balance high. It could be a recheck of the b/o point or initial rejection of the retest August b/o point. It's important to see if it would stay inside of current balance. The entire ES VPOC is right at 2084.5 which was touched to the tick before closing yesterday. We may see a retest of the VPOC again, above is 2100 of CLVN and August b/o area. Below is yesterday's range, then the range low of 2050 area.
My plan is to close my RUT calls of 1190 and SPX 2090 expiring today and tomorrow. Also prepare for SPX ITM roll overs. The key is also deleveraging.
Bulls held up well today. ES couldn't even get back to the value area of yesterday. It was 10 points, small range day for ES, more like a base building than a pull back. NQ already made a new high. Would other follow the suit? RUT had a 1% pull back. I was able to close my 1190 call spreads for a 90% profit. I rolled my SPY ITM calls for this week to next week and Nov 3. I don't think there is much difference to roll ITM positions in theta for a day to expiration to the same position to next week. So I rolled a SPX 2040 to next week and collected $390. I will be so busy to tomorrow to roll about 9 positions cross my accounts. Hopefully 2090 SPX will be closed tomorrow. It's right at money now.
I will keep calm and confident to work on my rollovers tomorrow. It's all temporary loss and I will make it back.
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