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
yep - I find that
AMC follow up
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