Looking at the bigger picture on daily chart, we didn't get the lower low we discussed last week. We have a higher low and lower high. It is directionless. And it is right at the middle of the Bollinger band.
Looking at the Weekly and Monthly chart, it is still a inside bar. We need more data in the coming weeks to tell us where K200 is heading.
Below is how the P&L chart looks like as at 29-Aug closed (please ignore the Index and Price as it is real time on 1-Sep):
Action plan for the week
I will also close the Put Spread if it reaches my 70% credit target. I sold the Put Spread for 0.20 points credit. The Put Spread is now worth 0.10 points, as at 29-Aug. It is about 50% of my credit.
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