10/21 Daily Summary

As MNX was pushing higher intra-day, I noticed that move was not confirmed by RUT nor SPX. The FinViz map was not that bullish and the VerticalSolution chart was showing decreasing strengh. That led me to wait for the end of day before touching the position, sure enough MNX faded the move and closed flat.

One thing that is calling my attention is that RUT has become active in the past few days, I've seen 2x 1 st. deviation days in a row and also noticed Volatility has picked up by about 8% on my iron butterfly. Let's keep an eye out for it, call it a yellow light in my dashboard.

Position's Details:
10/21 RUT Iron Butterfly
10/21 MNX Iron Butterfly

Price Action & Forecasts: