In this case because I saw the s&p break below the 50 sma late Thursday. Also because I am expecting a deeper drop in October anyway.
As I tweeted before and after.
I will go short the s&p on any break below the 50 sma.
Quote Tweet
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
