However we just got another rally at the close on Friday and I haven't shorted this one because I want to see how the market opens first. The 50 sma is coming down strongly now so that's going to help us with our next s&p trade on Monday as we know that will have an affect.
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On the 10 day.
On Thursday.
We were looking for a short term extreme oversold bounce and didn't get much.
The Bounce waited until Friday morning.
Then we shorted for a winning trade.
It's been short the rallies unless the s&p breaks over the 50 sma.
That has worked.
