S&P wont reach over 20 day moving average. Big fail. Moving downward and will go lower. Good time to get in now. Sorry typing fast cause I have to return to tradin...
I also went short this afternoon....rallies usually fail when they hit the 20 MA. Previous resistance. I say we retest the bottoms, and then some.
Advance/Decline was very strong today. Up 2823 Dn 234 12-1 is a massive number and the rally will likely continue.
I shorted yesterday at the end of the day... covered a little bit in the meager downs this morning, and then proceeded to get my assss handed to me throughout the afternoon. The moving average is all out of whack. I am holding and hoping for a down day tomorrow though
I went short at the end of the day and I plan to hold until PUT/CALL ratio moves to bearish territory (more bears we need). At the present moment people are as bullish as they were on the 9th of february (almost) this tells me we are nearing the end of this rally. Also we just bumped into november lows... Good luck