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Seasonal pattern


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#1 CLK

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Posted 23 July 2018 - 06:32 PM

If the recent highs get broken, then I don't think we get a correction this Fall, one small drop year end

and an IT sell next Spring. Bears will go broke from now until then.



#2 CLK

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Posted 24 July 2018 - 08:11 PM

Not sure what happened at the open, kind of rare they dump a new high breakout the same day

and that badly.

Well, the stock market favors the rich, 5-10 points to them is like 50 to the average trader,

if they think they can cash in on that, they will.

I guess you could have shorted the opening 10 min bar, but with options probably half are going to get hit

on a tight stop. People don't want to hold a profit when Trump is liable to tweet something any hour.



#3 CLK

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Posted 25 July 2018 - 08:53 AM

 Millionaire's just scalped their 5 points, time for the consolidation.



#4 12SPX

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Posted 25 July 2018 - 09:10 AM

 Millionaire's just scalped their 5 points, time for the consolidation.

Congratulations lol!!  clapping.gif wink.png 



#5 CLK

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Posted 25 July 2018 - 09:16 AM

 

 Millionaire's just scalped their 5 points, time for the consolidation.

Congratulations lol!!  clapping.gif wink.png 

 

 

 

I can make maybe 40% on options if I time perfectly and same day expiry on 10 points,

I'm out of business at 5 points, can't compete, barely make 10% on that, can't make up for

stops.



#6 CLK

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Posted 25 July 2018 - 12:35 PM

Closed QQQ long and partial SPY. Opened QQQ short ahead of AMZN earnings, already got a breakout from GOOG, what's left ?

Last year July earnings was a gap down.



#7 CLK

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Posted 25 July 2018 - 02:20 PM

Now they collect the other 5 ahead of the close, can't leave a new high unsold.



#8 CLK

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Posted 25 July 2018 - 02:48 PM

Bears taken to the cleaners on late day Trump, EU concessions.



#9 CLK

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Posted 25 July 2018 - 03:13 PM

ES channel breakout projects to 2920, gave back 8 points already but that's to be expected, should resolve higher

in Globex.



#10 CLK

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Posted 26 July 2018 - 09:41 AM

Closed QQQ short and went long for Friday.