SPDR S&P 500 (SPY): I went short on the NASDAQ downtrend lin...

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Re: learningthetruth post# 360929

Friday, 08/12/2022 7:31:04 PM

Friday, August 12, 2022 7:31:04 PM

I went short on the NASDAQ downtrend line, but I always thought the S&P line (around 4350) was possible, which is why I exited immediately after the CPI release. I just didn't think the CPI was going to be low enough to cause such a reaction.

My last two days have been a lot greener and less stressful since I gave up the idea of shorting for the time being and just focused on picking good OTC & national market plays. We'll see what late September / October looks like. When I go short, I do it for large downturns rather than small technical pullbacks.

All IMO

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