Somehow I avoided making a losing s&p trade by holding for a bounce today.
But how did I get in that position?
I thought the market was stronger than it was.
Didn't think it was dropping to the 50 sma that quickly.
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So tomorrow's open will tell you the next move.
If we bounce I can still avoid making a losing trade.
If we drop lower.
That would be a bad sign and would trigger a sell signal on the system again.
Then the market would drop deeper.