Failed To Close The Feb Gap 7-24-20

SPX made an attempt to close the big gap from Feb 24, the beginning of COVID 19 selloff. It got into the gap for a couple of days but couldn't even get through half of the gap. The sellers started selling on Thursday after a disappointing jobless report. We have seen some worse jobless claim reports while the majors disregard them. This report mattered at the critical technical point. The top for this rally may be in for now unless there is a positive catalyst to change the market sentiment.  

The pullback of the last two days actually helped my portfolio as I have been carrying negative delta. The net liq is above 100K and the leverage is below 4. There is two short term RUT LP and one SC expired worthless today. I entered a deep ITM LP 3300 on Thursday pre-market as the SPX future was moving up overnight. It was the worst timing to get long. SPX started to fall by the late morning. I am still not quick in responding to trend changes. 

My directional options trading is not doing well. I tried to use Brandon's breakout method since his alerts are hard to catch. I lost most of my picks. I think I am not used to trading such a short time and fast market. These weekly options move much faster than futures. The paces of Shadow Trader may suit me better. The Volatility Trading Strategies have not done much for me either. I may start to try to look for different services.