S&P futures stands still at 1500 on Dec contract. The nearest high is 1503. this is different from Aug. 07 which stands still 1483 peak on Sep contract. I was fooled last time not sell it first. I would not this time. My plan is when reach peak and stand there before 2.15PM ET I will sell it out first (fooled again if plan executed). but not stand peak this time but instead go down a little into 1499.50 I decide to hold but I set pre-sell trigger 1518 with high expectation at that sentiment.
Why, I hold because it pull back a little. it is nothing to with right decision.
the next showed I did right.
When time pass 2.15PM. it start to 數字亂崩 jump up. it is going up so fast. executing my pre-sell order in no time and pass it but hand on 1523 a while before shoot up.
Bought on July 28 down from peak to the low and bounce back to
On Aug. 07, which stands still 1503 peak on Sep contract down from 1498 bottom up then rise.
Fed announced unchanged. the reaction is down so fast from peak 1483 to 1473 then 1461
back bounce to 1503 at maket close going up into 1510 peak then down from there into bear
second times. this is squeez short position for only chance to short.
there is no double head. Squeaze short position before going down to bear.
the flaw is what if 50 cut made with big surprise as I guess mostly. market would be jump like dead cat. I did but forget it. not to say, turn it into action.
2001started Fed start to cut 50point serveral times. but did save at all