So what to do next?
Take some profits at the end of the day on that 50 sma short.
Wait for the 50 sma to start coming down again.
Short rallies unless the S&P breaks above the 50 sma.
Conversation
Replying to
You said it’s normal for the market to drop so the 50 sma can go upwards would it be the same for the market to pop so the 50 sma can go down ??
1
1
Replying to
Drops in this market situation are not the same as rallies.
There could be a rally off lows tomorrow but doubtful it will get near the 50 sma for days.
Replying to
Too late to short now right? Should wait for a re-test of the 10...missed morning window 😔
1
1