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.
Cycle pivots over the next three weeks….
Started by
cycletimer
, Jun 23 2024 06:55 PM
1 reply to this topic
#2
cycletimer
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- Traders-Talk User
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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.
