Up-side wave cycle seems to be loosing some steam, I plan on entering a bearish Iron Butterfly on NDX if we close on or bellow 1860 Tomorrow. I'm watching and eager to play a down-side wave on the 5-day volatility chart. Have started to condorize my MNX Iron Butterfly, it improved Today and if we keep going down a bit further it will be great!
Seems that missed out on the OEX weekly this week, no problem, the good thing about the weekly trade is that the next week is just around the corner..
Position's details and price action chart:
01/06 MNX Iron Butterfly
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