I was expecting a follow through after the high closing of yesterday. SPX and RUT didn't even retest yesterday's high and started dripping lower. I thought the pattern of lower morning up in the afternoon would play out. RUT didn't have a hourly green bar today and closed down 1.3% while SPX gave back 0.6%. Both closed at lower side of the day but still been an inside day. There is no structure broken so far. What's weird is that VIX and RVX both were down with the indexes. They are supposedly to go opposite directions. It shows that market has no fear. This unusual situation will resolve soon. My hypotheses for tomorrow:
1. Retest yesterday's low and bounce to hold current range;
2. Gap down to get back into prior balance area;
3. Attempt new high from European market overnight. SPX is still hold its island while RUT is back into the gap zone.
Made 14 trades today. Rolled SPX 2400 bear call spread for Lao Dong and rolled up a RUT ITM call to lock in a small profit for me. the rest of them were hedges and exit. I brought post expiry excess back to 62K from -23K. I closed 2 ITM IWM 136 right after open based on my plan to reduce margin and improve net liq. The timing was wrong but it was a right action. I will recover the $900 loss eventually. Save myself to continue my fight.
Net liq recovered 18K along with margin ratio. My priority is still to figure out a better way to bring my ITM positions out faster.
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