Posted by timebandit on 20th of Aug 2020 at 11:28 am
I'm starting to wonder if we really met the symmetry target.
Target was 3345 by my calculations. Missed it by 9 points, which
may be close enough. But HYG has dropped a lot farther off the
bounce than SPX. maybe we roll over to get an A-B-C, and have a
divergent low to rally off of. I'm still watching HYG for clues.
Time will tell...
? I showed this morning that the wedge hit price target, I was
short coming into today and was covering pre market and at the open
for nice profits.
as I said before guys, the market is still uptrending on larger
time frames, y strategy is when I catch shorts I'll take profits
right away not hold for the big short top
the shorts I'll hold longer are AFTER the market has broken it's
uptrend on the daily, such as the BPT MA Deluxe has falling below
the ribbons and I've shorted a lower high bounce, that's the better
shorts for swings
Posted by racerick on 20th of Aug 2020 at 12:07 pm
Great point Matt. Caught the bottom this am for really nice
long, sold too early of course, but have given some of it
away trying to overstay my welcome on a couple of shorts. Need to
put sticky on one of my monitors to be quick to take profits on
counter trades.
Posted by timebandit on 20th of Aug 2020 at 11:56 am
No worries. I was going by numbers rather than the dotted line.
I sold my VXX calls at the open. I'm just trying to read what might
be coming. The HYG divergence got my attention, but it has since
rallied.
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I'm starting to wonder if
SPX 60 min follow up
Posted by timebandit on 20th of Aug 2020 at 11:28 am
I'm starting to wonder if we really met the symmetry target. Target was 3345 by my calculations. Missed it by 9 points, which may be close enough. But HYG has dropped a lot farther off the bounce than SPX. maybe we roll over to get an A-B-C, and have a divergent low to rally off of. I'm still watching HYG for clues. Time will tell...
May have spoken too soon.
Posted by timebandit on 20th of Aug 2020 at 11:40 am
May have spoken too soon. HYG rallying...
? I showed this morning
Posted by matt on 20th of Aug 2020 at 11:49 am
? I showed this morning that the wedge hit price target, I was short coming into today and was covering pre market and at the open for nice profits.
as I said before guys, the market is still uptrending on larger time frames, y strategy is when I catch shorts I'll take profits right away not hold for the big short top
the shorts I'll hold longer are AFTER the market has broken it's uptrend on the daily, such as the BPT MA Deluxe has falling below the ribbons and I've shorted a lower high bounce, that's the better shorts for swings
Yes I put these on
Posted by arun on 20th of Aug 2020 at 12:29 pm
Yes I put these on as a hedge and closed them on open. It makes a massive difference with those measured moves. Rther than shooting in the dark
Great point Matt. Caught the
Posted by racerick on 20th of Aug 2020 at 12:07 pm
Great point Matt. Caught the bottom this am for really nice long, sold too early of course, but have given some of it away trying to overstay my welcome on a couple of shorts. Need to put sticky on one of my monitors to be quick to take profits on counter trades.
I did about a 25
Posted by matt on 20th of Aug 2020 at 12:35 pm
I did about a 25 min commentary on the Zoom and Kiss stuff and some things I'm watching as well as made other comments
No worries. I was going
Posted by timebandit on 20th of Aug 2020 at 11:56 am
No worries. I was going by numbers rather than the dotted line. I sold my VXX calls at the open. I'm just trying to read what might be coming. The HYG divergence got my attention, but it has since rallied.