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#1 CLK

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Posted 11 September 2020 - 07:13 AM

With most out of this whole rally from March, you have to ask yourself who was buying?

The Fed? If so, then those people out have nothing to lose by shorting here or being out.

This is an unconventional market and rally,100 year pandemic, sentiment may not work like

last year or most years.

Consolidating between the 20dma and 50dma, the hourly bounce here was weak, it looks like 

it is going a lot lower. There were no bounces in AAII like last year that marked the 10% corrections

yet the market has sold off.


Edited by CLK, 11 September 2020 - 07:14 AM.


#2 traderx

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Posted 11 September 2020 - 07:34 AM

Consolidating between the 20dma and 50dma, the hourly bounce here was weak, it looks like 

it is going a lot lower. There were no bounces in AAII like last year that marked the 10% corrections

yet the market has sold off.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------

do you mean 20sma and 50sma?



#3 CLK

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Posted 11 September 2020 - 08:04 AM

 

Consolidating between the 20dma and 50dma, the hourly bounce here was weak, it looks like 

it is going a lot lower. There were no bounces in AAII like last year that marked the 10% corrections

yet the market has sold off.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------

do you mean 20sma and 50sma?

 

 

Yes, on the daily. I don't really use ema's.



#4 dowdeva

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Posted 11 September 2020 - 07:40 PM

My options analysis today showed Monday and possibly until Wednesday morning as sideways. More theta burn. The exception was tech, which should probably continue it's decline next week.

 

Short CMG since 1350 via various option strategies.