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The s&p had 2 support levels. 4450. which I thought was in line for past bounces last 2 days. And last suport the 50 sma. Once I saw it break the 50 sma. I know to not be long. That's a sign of weakness. Hence the s&p dropped another 1% after the break in support without me.
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I'm a reactionary trader who uses a trading system to predict the market's next move. After the break out on Tuesday I was buying drops for bounces. Today I sold the bounce at up 43 on S&P expecting a drop.
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