Market under pressure from NASDAQ after open but small cap performed better. Is the rotation still going on? When RUT/IWM gave up around noon then SPX started to recover. By closing time SPX and RUT recovered more than half of them losses and only down 0.2 -0.1%. They are staying in their current balance areas near ATHs. Common sense says if it can't go down then it will go up. The key to watch is if tech will continue to drag the market. Market makers may not let market go down much further during the monthly expiry week unless something drastically change the sentiment.
Made 3 trades today. Sold 2 IWM 142 this week to lock in some profit. It's part of my directional trade: trade SPY and IWM for profit and buy their big brothers for protection. I have many contracts to roll out this week. I am trying to practice patience and wait for mid or late the week to do it.
Net liq is still on the board of danger zone. It's barely above 120K. I am prepared to do another wire in if we get a pop tomorrow. Luckily I had two bear calls out otherwise I would have been under water already. Too bad I wasn't aggressive enough.
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