IF you did so because of 9 ema failure yesterday, you did right imo. I held calls O\N even with the fail, because of the longish bottom wick, but that bottom wick is an ephemeral driver, and the true force is THE 9 ema Rule. Anything at these levels and higher I’m taking put, with time on the exp date, of course. “what?! It’s back above 9 ema “ . Yes, that’s true, but where it closes is really all that matters today, and there have been plenty of instances where spy closes below , and then the next day trades above, only to end the day back below. I’ve got to go with norms, strictures , and that means sticking to the previous close mark. Does this decision come easy ? Of course it doesn’t, because if it’s too easy or you are having a good ole time, then something is not right.
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