Following yesterday's retest low and a not very strong reversal futures continued to drift up overnight. During RHT ES touched yesterday's high then continued to move up and made a daily high at closing. Indices made near 2% across the board. This is the day one of a possible relief rally. Let's see if it has enough energy behind it or could be a HS formation for another leg down.
I didn't have any trade until the last hour of the day. Sold calls in each of my trading class and closed an ES put. An after hour filled in SPX call switched my margin to the call side.
Risk factors stayed at a similar level. Margin is at 40% and leverage down to 51 from from 65 yesterday. VAS and ES are high. Overall I still have too many positions. I should calculate my margin safe levels and allocate them to each period. That will be a more systematic approach. I may work on it this weekend once I get my car and water heater problem resolved.
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