The only good thing is once the s&p broke below the 50 sma.
As usually that set off the sell algo and that short trade was good for a 1% s&p drop after.
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With the heavy selling today, is it too late to go short? Until the cross above occurs? Last time it crossed short the market gapped down three days that week. Thoughts?
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See what it does tomorrow morning.
Sometimes it bounces and then fails at the 50 sma resistance.
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Yes. That happened last time it crossed down just a few days prior. Life a "false signal". Like on May 29th. It crossed ball up right after Memorial Day, then the real move came on June 5 and ran down like a waterfall till the 13th. Thanks for all you do, bro.
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