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Interesting note: Of the 3 times the end of the month trade failed, it succeeded a few days after twice. There is only one time it did not succeed after on a closing basis, but even in that case, the market traded beneath the entry point at some point in the month-end period.
Hi Cobra & Everyone, Been a fan for a while. Just registered = first post. I agree, the market is Zen, it is what it is. We can only react and prognosticate. looking at all of the corrective waves since the 3/16 bottom, the wave Cs have all been dramatic impulses to new lows. This is low degree subwave four so maybe no drama? But, it could nail one more down into the low 1320s.
I see 3 push up here, so could be pullback of some kind.
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doesn't look like i'll get my 1333 today, oh well, will add shorts when I see it though, otherwise I'm holding fairly large shorts now, just 50% short in some puts and 3x shorts. If tomorrow drops or today drops into the close, I might book profits.
Key turn date this weekend. Looking very much like a classic top here.
support, breakdown below will be a small double top. Anyway, normally, this should be a 2 legged pullback, so the double top should be confirmed soon. Just normally, nowadays, any bearish bias is bad thing though.
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cletus wrote:doesn't look like i'll get my 1333 today, oh well, will add shorts when I see it though, otherwise I'm holding fairly large shorts now, just 50% short in some puts and 3x shorts. If tomorrow drops or today drops into the close, I might book profits.
Key turn date this weekend. Looking very much like a classic top here.
Here the shorts etfs I am in, FAZ bac kto nutral, TYP should move soon I hope.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
cletus wrote:doesn't look like i'll get my 1333 today, oh well, will add shorts when I see it though, otherwise I'm holding fairly large shorts now, just 50% short in some puts and 3x shorts. If tomorrow drops or today drops into the close, I might book profits.
Key turn date this weekend. Looking very much like a classic top here.
Here the shorts etfs I am in, FAZ bac kto nutral, TYP should move soon I hope.
FAZ looks good to me. I will buy that today if 1333 is hit.
another 3 push, so could see a pullback of some kind here, and if so, this time it should be a little little bit larger.
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