If the market was going to bounce today.
It would not have broken below the 50 sma.
Once that broke it went from support to turning into resistance.
Quote Tweet
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. twitter.com/MasterBJones/s…
