{"id":5124,"date":"2010-06-01T18:31:56","date_gmt":"2010-06-01T22:31:56","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=5124"},"modified":"2010-06-01T18:31:56","modified_gmt":"2010-06-01T22:31:56","slug":"patterns-collide","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/patterns-collide","title":{"rendered":"Patterns Collide!"},"content":{"rendered":"<p>We have been seeing two distinct patterns in the market recently. 1) On gap down opens we are rallying to positive territory.  2) When there is selling in the final hour the market is closing at its low.  Today we were fortunate enough to get both the rally to positive AND the end of the day tankage in the market.<\/p>\n<p>As a short term trader I&#8217;m embarrassed that I performed so poorly today.  I missed shorting CLF when it popped up to my short entry around 10:30AM.  And although I highlighted AAPL as a long above 259 and 260 in the AM Meeting I failed to capitalize on that opportunity as well.  <\/p>\n<p>During the final hour when the market was trending down I actually was stupid enough to have some long positions and they weren&#8217;t inverse ETFs. I&#8217;m gonna chalk up today&#8217;s under performance to my basset hound hogging the bed last night and disrupting my sleep routine.  He will definitely be sleeping on the couch tonight!!<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/06\/spy-reversal-june-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/06\/spy-reversal-june-1-300x196.png\" alt=\"\" title=\"spy reversal june 1\" width=\"300\" height=\"196\" class=\"alignnone size-medium wp-image-5141\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/06\/spy-reversal-june-1-300x196.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/06\/spy-reversal-june-1.png 550w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have been seeing two distinct patterns in the market recently. 1) On gap down opens we are rallying to positive territory. 2) When there is selling in the final hour the market is closing at its low. Today we were fortunate enough to get both the rally to positive AND the end of the day tankage in the market. &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/patterns-collide\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1042],"class_list":["post-5124","post","type-post","status-publish","format-standard","hentry","category-steven_spencer_steves_blogs","tag-ripperroni","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Patterns Collide! | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/patterns-collide\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Patterns Collide! | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We have been seeing two distinct patterns in the market recently. 1) On gap down opens we are rallying to positive territory. 2) When there is selling in the final hour the market is closing at its low. Today we were fortunate enough to get both the rally to positive AND the end of the day tankage in the market. ... 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