Another try to break down failed at last Fridays' low. I think trades are positioning for FOMC. There have not been a clear rejection for the highs. The bull flags are in tack. Rather SPX may have another shot to make a new high before or after FOMC. RUT appears to have more room to the upside too. It all depends on FOMC for now.
My holdings got a small relief again with less than 0.3% pull back in both SPX and RUT. Made 4 trades today. All of them are hedging and rolling over and reduce positions.
Risk measures improved with one less SPX bear call and couple new hedging positions. Margin is up to 22%, but still in the danger zone.
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