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If the market is down like it was after hours or early tomorrow. I think risk of another giant drop are slim because the market makes it's biggest drops when the 50 sma is headed down strongly. That said the 50 sma will start coming down. So selling rallies makes sense.
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What's next? The s&p futures were down after hour now up 5 points. The S&P is like over a 100 points oversold from the 50 sma. However the 50 hasn't even turned down yet.
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Rallies being sold off makes sense. We have Mid terms then cpi rt after. Seems like we’re in a no man’s land zone
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