Market is trying to base here.
The move they would have to make would be to build a base then when they are ready take out that 50 sma resistance.
If that was to happen then buy and hold.
So if you see the s&p price jump over the 50 Bullish.
If not still risk and only bounces
Conversation
I noticed the 10SMA held while price was dropping…is that usually a sign of short term strength?
Still a lot of time left today for this bounce to be sold off