ES pushed through yesterday's high overnight but got rejected after European market opened. The pattern of the last three days finally broken. SPX/ES closed below current balance area. We may need one more down day to confirm it.
I had 15 trades across all accounts. Closed some positions and opened some new ones. Overall IB account is deleveraged. The margin ratio is near 54% for the first time. Leverage is at 33. It appears that margin ratio is not quite related to leverage levels. For example the margin ratio is up 7% but leverage is only reduced from 34 to 33. If margin ratio is safe at and above 50% then what would be a safe level of leverage?
Tomorrow is critical for 3 of my 2040/70 bear calls this week. They have been underwater for a long time and my near b/e exit orders are still not hit. I have until Friday noon to close them but I would rather to exit out by tomorrow.
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