So we tried for the short term extreme oversold bounce trade early today and we made a little money but we didn't catch the bottom.
Now we go to cash because that trade is now over.
Now we short rallies unless the s&p breaks over the 50 sma which is not happening anything soon.
Quote Tweet
The System tells you there are only 4 trades.
1) Buy the extreme short term oversold condition early today. Take some profits on the bounces.
or
2) Stay in Cash.
or
3) Short next fake bounce.
or
4) Only go long again if the S&P breaks over the 50 sma then take profits again.
