Game time. Let us see:
- 200/50 day moving average is on a downtrend.
- Short term average on a down trend (5/20).
- Charting: down trend, could be a flagging. (going sideways, then back down). Remember 62-68 percent of the time, it continues in the direction it was going.
- Candle stick. Bearish engulfing last 2 days. Expect a down trend.
- Over nights. Asia was mixed. Europe minor up. but choppy. Should be choppy with minor up? That candlestick suggest down today.
- Testing with paper: 2050/2100 for 2 bucks (equals 40 cents on a 10 dollar trade). Testing 1450/1400 in 1.55 (just over 30 cents on a 10 dollar). Also testing. 1450/1460 for 30 cents.
- 9:50 am. Got Filled at VPUT 1450/1400 at 1.70. and 2050/2100 for 2.00. The VPUT at 1450/60 filled too.
- 9:56am. Positions. VPUT at 1450/1400 for 1.70 (tried to get more). VCALL at 2050/2100 for 2.00. Both 50 dollar spreads.