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Cycle pivots over the next three weeks….


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#1 cycletimer

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Posted 23 June 2024 - 06:55 PM

June 24-28th, July 2-3rd, July 15/16th (Major, * possible big news event on a geo-political and/or financial scale). If I were to enter a significant short position Id do it prior to the mid-July dates given here.

Trade wisely but be mindful of changes in trend during this time frames.

#2 cycletimer

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Posted 20 July 2024 - 01:12 PM

There was  a minor cycle pivot on Friday, July which I overlooked because my focus was July 15/16th which turned out to be a HIGH, LOW was yesterday.  Nothing noteworthy until August 6/7th, which happens to be a BIG cycle.  If we are rallying into that time frame, probably a good idea to establish hedges, or go outright short.

For the record, I went long $UPRO @ 77.92 about 5 min. before the market closed yesterday.  It's rare I hold anything overnight, much less the weekend but I am fairly confident we made a ST low on Friday.  

As you all may know I fade the gap using $SPX calls/puts.  I was able to fade-trade every day last week and my account was up +3.9% and the longest duration gap-fade trade lasted 7 minutes.  A couple of these trades lasted less than 20 seconds and I was out.