Indexes continued to the down side in small steps. RUT reached my estimated 1310-00 area but closed above it at 1314. SPX is retest its prior range of 2190 area. If this area holds then SPX will establish a new balance area above 2190. RUT may retest its June 2015 high of 1295 and build its balance area above 1290. If both falls below their levels then we have a top formed. NASDAQ lost another 1.7% today. Is the tech bubo busting?
Made 9 trades today. I continued to roll my bear calls in RUT and SPY to take advantage of this pull back. Also added some bull put spreads across board. I have SPX 2205 call may be OTM if SPX doesn't jump up 15 points. The other one should all be expiring without any problem.
Risk profile improved mainly in net liq which is back to 150K. Margin ratio is at 50%. At this pace I should be able to return the 10K from ET soon.
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