SPX & RUT had about 1% surge to the upside today. SPX closed right at last week's high of 2084. It looks its ready to challenge that high. Above it is the HS neck line of 2100 where the break down started. If SPX close above 2100 then the HS pattern will be void. RUT is in the same pattern but behind SPX. It's in a more clear down trend and 2nd wave of down movement. On its daily chart it crossed above 200 SMA again which is somewhat bullish.
I made 7 trades today. 3 of my puts in SPX, SPY and RUT were closed. During the grind up this afternoon my call CS in SPX June 5 and July 1 got filled between 2190 and 2200. I will sell more call spread in RUT if it catches up in next day or two.
Risk factors are inline with some room to add. Margin ratio is at 57%. I plan to use it carefully.
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