If the chart didn't look bearish at the close on Thursday.
If the 10 sma wasn't holding the s&p down.
If The System didn't give a short signal.
I would of been in cash for the open Friday before the report and would have had to short after the 40 point opening drop.
But it didn't
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I went short on Thursday when I seen the price action consistently getting rejected at the 10 SMA.
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Your system is a 2 moving avg cross over using a 10 sma and 50 sma, correct?
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So retest Monday or Tuesday of the 50 and then entry upon rejection? Just started observing your System..
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