It's turn around Tuesday? Two sell off attempt for SPX were bought at the low of yesterday. Trades don't believe Fed will raise the rate at this meeting. RUT set a new high again today. Trades is betting on no rate change from FED tomorrow. We may see another push higher as earnings are getting better. Could market sell on the news? It's possible. Daily MACD are near crossing down while markets kept pushing up.
Made four trades today. I bought hedges on both sides plus closed a put position. My RUT positions are getting deeper ITM. Margins are squeezed again. I am paying the price of being undisciplined. It may take me couple months to recover. It's like the summer of 2014, 2015 all over.
Risk parameters are in the danger zone but with some breath room. I have to build another wall of hedging before Friday like previous weeks. No it's a matter of survive until the market turn around.
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