Why did I go from short to long?
Because the S&P dropped 130 points in a short amount of time.
So it's time for me to go from short to long for a bounce on S&P.
Conversation
That’s what I’m guessing too… there is nothing bullish here at all… this whole “rally” was based on the rumor of a pivot and since that rumor we’ve had terrible earnings, so there should be nothing but downside until some news comes out.
2
Show replies
Replying to
I think the bounce won't happen until mid next week, more bleeding ahead. Be careful.
1
Replying to
I’m not trading until I get confirmation. I plan to wait and short this rally.
1
1
Yeah same, waiting for a bounce to short is the safest bet and confirm downtrend from a TA perspective
1
1
Show replies
