I didn't short this last late rally.
I went back into cash.
Rather start tomorrow from scratch.
Because like I said the S&p is way below the 50 sma and can bounce at anytime.
But I'll be shorting rallies in the future.
Especially when the 50 sma comes down strong/less oversold.
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It’s a trap. Railroad workers are striking. They were just trying to get people to buy more stocks before they drop the bottom out tomorrow
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Appreciate your work and generous sharing. Am I correct in assuming that some of your charts show the 30 min 50 SMA while a few show the Daily 50 SMA? We were about 100 handles below the Daily 50 SMA but the S&P pulled back at least twice from the 30 min 50 SMA. Thanks.
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