Futures retreated overnight on news of a regional deputes of Spain. I guess there was some nervousness of the market crash anniversary 30 yrs ago. It was a 10 point gap down open for ES. It felt big since SPX/ES have been up almost every day for 2 weeks. RUT was down 0.8% at the lowest point today. It wasn't even a 1% day. Indexes started to bounce back by noon time. Dow and SPX closed in green while RUT and NASDAQ erased most of their losses. It was another V shape day when people buy on dips. I didn't expect the dip would go too far since the budget vote is right on the corner.
Made 14 trades. Rolled over all of my ITM bear calls. Took a loss on SPX in ET positions. Exited clients' RUT right on the spot before market turned. It was a lucky trade. Bought couple puts for hedge but no call filled. Couple of my back ratio in UVXY got filled and rolled. There are more to deal with tomorrow.
Net liq only gained 2k at the end. Margin ratio is above 50% until the expiry tomorrow morning. Futures already up on Senator's vote of the budget resolution. It looks like a big up day tomorrow. RUT appears will make another ATH. The bull flag will play out. Will it be able to hold? The recent pattern suggest a likelihood of hold. It used to be drop after a new high.
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