Quite a sell off today. We were expecting a move to 1100 in the RUT, but we weren’t expecting it today! With the close under 1100 it’s very likely RUT touches 1080, even if we get a bit of a rally tomorrow.
All the positions got beat up but survived the move. As long as we spend some time somewhat range bound the positions should recover. The positions should be able to withstand the move to 1080 but if we get another run like today, there is a good chance that we’ll need to take our losses and move on to March.
Best of luck this week and see you on Monday!
Check out these great videos!
May Group Mentoring Open House Part 1 http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session-may-2nd-2013/
May Group Mentoring Open House Part 2 http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session/
Learn to trade the M3, Bearish Butterfly and ROCK trading systems!