this bounce to near 50 dma indexes looks like good spot to sell or start establishing short positions. SPY/QQQ could try for 200 dma but given whole picture seems like finally good short swing opportunity given r/r. First time in a decade? I know there were a couple times 200 dma failed followed by big reversal but not sure likely here.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.