I think the lesson to learn here is whenever the S&P breaks out over a descending 50 sma.
It ALWAYS dips to fill in the gap.
It has to by time until the 50 sma starts heading higher.
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This is reaction to election guys ? Or correlation with BTC getting wiped ?
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Also coincided with bitcoin getting crushed. Huge sell stock orders to cover losses in BTC. Everthing is linked with Algos.
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As a Rangers fan I have the 9EMA as blue, and the 30EMA as green, blue over green is up, green (Celtic) over blue is down. Yours looks opposite 😀
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How do you suggest to short S&P based on The System? Do you recommended any inverse ETF??
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