On The Edge Of Breaking Down 6-28-20

The majors pulled back this week after retesting last week's breakdown area. SPX tried 3 times to close the gap above 3155 but failed. RUT closed the gap down of 6-11, then got rejected as well. NASDAQ falls back below 10K. It appears the pullback could continue while the pandemic worsening in the US. However, the uptrend in daily and weekly are still intact. But they closed in the lower sides of the current ranges. 

My net liq is basically unchanged from last week's 109K. The leverage is about the same as well. I didn't get enough room to pay $5K back to ET as I planned. I sold 3-4 long puts aggressively to cover the -$4K roll of 2350 SC. I was confident that SPX would push to close the 3055 gaps. As most of the time my overconfidence doesn't serve me well. I got another pie on my face. 

My trades with Insight Options didn't go well this week. His winning trades went too fast to catch. I may be better off the take a slower approach. I have been listening to Larry William's trading book in Chinese and learned some good lessons. Be patient and give time for a trade to work are two things I need the most. I overtraded in SPY and SPOT yesterday on both sides with emotions charged.