If the S&p attempts and fails to break over the 50 sma.
Then that means no rally and another short trade.
Right now the 50 sma is still coming down and around 3900.
They could be a collison later today if the S&P doesn't sell off.
Any buy signal should be short lived.
Quote Tweet
This is the process I was talking about on Friday.
The S&p is going to try and put in a bottom over the next couple of days. Then it may make a try to break over the 50 sma.
If it breaks over the 50 msa on a strong move that's a buy signal for a trade.
