Futures were dragged down overnight during Asian and European markets. The selling was more intense than last few days during the morning. As usual buyers stepped in after yesterday's lows were broken. QQQ and IWM's overnight gaps were closed. SPX was not. Congress is going to vote it's tax bill tomorrow which could trigger a turn around in market sentiment if it passes. RSI for majors are below 40 but some weekly MACDs are just about to cross down. Are we going to see more consolidation?
Made 12 trades. Rolled up 2 RUT and 1 SPX bear calls and gained a total 20 points. Also rolled some small cars out in attempts to save some of my long calls. Rolled out GE puts to next month as it bounced 2% today. It was a bad scalp due to my misjudgment. I have to roll out my SPX in ET tomorrow after the put side closes.
Net liq didn't change much. Margin ratio is down to 35% after I rolled these deep ITM bear calls with selling puts. Margin is still on put side.
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