SPX and RUT opened to explore lower ranges following over night weakness, then popped up into positive territory. SPX even made ATH of 2490 in early afternoon. Then the President made a comment about N Korea that spooked the market around 3:30. All majors started to turning down. Both SPX and RUT closed in negative of -0.2-0.3%. The daily candles appeared to be a big reversal but no balance lows are broken yet. The slide continues into this evening in futures. No under estimate bulls unless the current range lows are broken. Waiting to see what will happen before end of this week.
Made 7 trades. Made RR in QQQ, SPY and IWM in debits which I didn't think were going to fill earlier. Got to remember to pull off some order when market in fast moving mode. Step aside and don't stand in front of a running train. Closed couple QQQ calls early at b/e to save some cash. It turned out to be a good move. No major premiums were collected.
Net liq recovered from 8K losses earlier and up 1.5K with the sell off before closing. Margin ratio is at 60% and still on call side. I need to watch out the put side in case a break down to push some puts ITM.
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