Think about what went on in last 24 hours.
1) S&P futures down 119 points this time last night.
2) Down 38 in the morning premarket.
3) Down 60 after the open.
4) S&P UP!
5 S&P down 70.
6 S&P down only 10 at the close.
Ain't nobody predicting that a day in advance.
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Time is so important when it comes to moving charts and sma's.
Here's one thing I can say.
Predicting the market a day in advance is extremely difficult these days. It's all about short term trading. Making winning trades intraday trades and taking profits.
