Bulls Are Back 7-2-20

The majors made gains this week. They took back the losses of last week. Overall, they are still in the ranges except for NASDAQ which made another ATH of 10,422. Is SPX going to challenge 3240 area again? The seasonality may let it run till the mid of July. RUT is still below its 200 MA and above the 50 MA. The triangle formation may continue choppy for a while but will break hard one way or another. 

My net liq is at 110K after sending $5K back to ET this week. The leverage is down to 384. I was able to unwind most of the bull puts in SPX which were sucked in during last week's pullback. The delta in SPX is negative now. I am planning to switch one RUT long put to SPX long put if and when the margin is allowed. 

My directional options trading has improved. I took stops more forcefully helped. I did more of my own research than just waiting for the alert. The surge of big techs helped my performance as well. I still have the fear of losing in committing a larger contract. I may stay below $400 per contract and be selective.