That said now the market is at resistance the 50 sma that blue line.
If it make a positive cross here 10 over the 50 than the bounce is over and it would be buy and hold as long as that remains.
If it fails and while it remains in failure than there would be risk again.
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So update on the system.
Once again the market bounced from Extreme short term oversold condition and filled in the gap.
Remember it's not about shorting when it's that over sold.
Only about catching Bounces.
