Today I thought it was good to take profits near s&p 4000 then short the dead bounce.
Tomorrow If we drop again I don't think you should short the bounce.
Because we might be at extreme oversold levels and that dangerous to be short.
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technicals don't mean as much if the whole world going dwankie...
Good opportunities still though!!
Hope u killed it today c
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If we open sharply down we will have the final flush of this phase of bear market. Its not just oversold but we will be getting to levels of fair value. Stock buybacks are starting now. Huge bear market rally will be on tap.