The Consolidation Continues 7-10-20

SPX stayed in its current range of 3240 to 2965 (275 pts) for the 7th week. It closed at 3185, the upper portion of the range. It looks like SPX is ready to close the gap above 3190 after so many tries. NASDAQ continues to make new ATHs. On the other hand, RUT is still legging. It closed at 1423, the mid of its current ranges of 1340-1537 (197 pts). It's still below its 200 SMA. A divergence needs to be noted. 

It was a positive week for me. All of my positions were expired worthless. The options selling strategy works well during the range-bound market. My net liq didn't change much. It closed at 109K. The leverage is slightly below 4. The realized gain topped $12K, a nice recovery from June. 

My directional options with Brandon has improved. It requires more preparation. It's very hard to catch his alert since his style is catching the fast breakout. Just need to get his list and prices on the scream. I recovered about $500 this week. The VST and Shadow Trader are slow trades. I joined the Simple Options Strategy group on FB. They trade SPX 0 DTE or one DTE with narrow spreads. It could work with proper stops. I will continue to study their practices. I traded some 1x, 2x 4x spreads yesterday, and today. It worked in this rangebound market with VIX around 30. This system may not work when and if VIX gets too high.