Even if it was to drop tomorrow.
If it was to drop heavy?
That would set up for a nice bounce trade if it got short term oversold. Because it would take time for the 50 sma to turn downward and that would be the future bounce resistance.
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Basically right on the 50 sma now.
So what the market does early tomorrow will be our first signal.
If it rallies. Expect a test of s&p 4000 again because the 50 sma is still headed upward strongly.
If it drops, I would not hold long. Any trading below the 50 sma is not bullish.
