i've looked at this market the last few weeks and got in the other day. This is my type of setup. A meandering low volatile setup where bollinger bands are real skinny and options are cheap in both directions. CK I don't have your guts (lol). So I played my normal straddle. On the November contract 3.40 Calls and 2,50 Puts. As the market has been meandering around the last few weeks, options were very cheap for this market vs normally when NG is trending. So if the last big move was the ABC, then wave 5 down is coming. If this was a 1,2 1,2 (btw..this is my preferred direction), then wave 3 UP is coming, and is maybe here now!. Since the low yesterday, the Intraday charts have looked impulsive with the moves on most time frames. And its been very volatile. On the 30 minute bar it went from 2.86, down to 2.82 and back up to 2.90 all in one 30 minute bar. (nov) So somethings coming.
Btw...general technicals show the Monthly chart Stochs have turned up and MACD approaching 0 from below and has been heading up for a few months. The daily looks like the Monthly. The weekly was the one that showed stochs down, however the MACD crossed up at the start of the 1,2 1,2.
This looks like an up. I think the caveat here is that if it does go down its going to shoot up very fast.
I hope it's the W3 up because hard work and guts sb rewarded.
Good luck CK