Now the s&p has dropped 80+points from the short at the 50 sma.
Eventually you will get another fake rally.
But maybe not until tomorrow?
Too hard to say when the fake rallies will come.
Why you have to take profits on the way down.
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Hammered some puts on that 50SMA tap, sold a little early. Now waiting for that oversold rally! Thanks
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We'll see. Feel like they had their chance today to cash in on a fake rally based on news. Not much coming out before Thursday close... But I'm sure they have some tricks up their sleeve to shake people out of their savings.
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Think that keeps dropping down to around 4266, the next level of support back on March 15th? Or is that too far back to be relevant anymore?