Rallies like the one we caught yesterday are great if you are smart enough to catch them.
But you have to keep in mind that the 50 sma is still moving strongly downward and it takes a lot to stop that.
Market can't just do it on a dime.
If it could it would takes days of trying.
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i was reviewing your slide deck for "The System", i recall while reading ~a week~ ago the slides detailed two similar but slightly differing strategies for day trading (EMAs) and swing trading (SMAs), have you since amended the document to exclude this distinction?
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Germany just announced 10% inflation for Sept.
DAX falling again.
Might go downward today.