yep - I find that when the market has been uptrending strongly
and say I had hedges on like SPXU etc, my general strategy on a day
like today is to sell those hedges in the morning to lock in my
profits. That's what I did with my SPXU this morning, sold it all
within the first 15 - 30 min.
I've found that when the market has been uptrending and you
finally get that big morning sell off typically you get a pretty
good bounce out of it. The reason for this is because the market
has been uptrending making higher highs, now downtrendling, making
lower highs.
today the SPX formed a tight coil as Steve showed , then popped
hard out of that pattern
Posted by timebandit on 2nd of Jul 2021 at 11:49 am
I am such a non-power user. I had totally forgotten about my PM
inbox and sheepishly found it contained a number of messages I
never read. Thanks for calling my attention to it, and my apologies
for anyone who sent me a message that I ignored. I will be better
moving forward... Also, thanks Steve for the info...
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AMC follow up
Posted by matt on 2nd of Jul 2021 at 10:14 am
AMC - Chart Linkstarted to break the coil yesterday, big follow through today
quite a turnaround from todays
Posted by retirefire on 8th of Jul 2021 at 12:54 pm
quite a turnaround from todays low, I didn't go bottom hunting
yep - I find that
Posted by matt on 8th of Jul 2021 at 01:06 pm
yep - I find that when the market has been uptrending strongly and say I had hedges on like SPXU etc, my general strategy on a day like today is to sell those hedges in the morning to lock in my profits. That's what I did with my SPXU this morning, sold it all within the first 15 - 30 min.
I've found that when the market has been uptrending and you finally get that big morning sell off typically you get a pretty good bounce out of it. The reason for this is because the market has been uptrending making higher highs, now downtrendling, making lower highs.
today the SPX formed a tight coil as Steve showed , then popped hard out of that pattern
also always checj $BPspx and
Posted by law6 on 8th of Jul 2021 at 01:42 pm
also always checj $BPspx and be wary after FOMC
thanks law6 https://stockcharts.com/articles/mailbag/2009/08/what-is-the-bullish-percent-indicator.html
Posted by retirefire on 8th of Jul 2021 at 01:53 pm
thanks law6 https://stockcharts.com/articles/mailbag/2009/08/what-is-the-bullish-percent-indicator.html
good to have a plan
Posted by retirefire on 8th of Jul 2021 at 01:40 pm
good to have a plan
nice call on AMC.
Posted by morton7 on 7th of Jul 2021 at 10:37 am
nice call on AMC.
Just posted (and deleted) something
Posted by timebandit on 2nd of Jul 2021 at 11:26 am
Just posted (and deleted) something similar. Has been a nice trade. Still holding some.
timebandit - since that link
Posted by steve on 2nd of Jul 2021 at 11:31 am
timebandit - since that link did not work earlier I sent you that information via private message - you can check your inbox
I am such a non-power
Posted by timebandit on 2nd of Jul 2021 at 11:49 am
I am such a non-power user. I had totally forgotten about my PM inbox and sheepishly found it contained a number of messages I never read. Thanks for calling my attention to it, and my apologies for anyone who sent me a message that I ignored. I will be better moving forward... Also, thanks Steve for the info...