Well it finally hit the 200 day moving average now what? Greed is in play right now like I’ve said before when the cat is gone the mice will play. Tomorrow we have FOMC minutes coming out I’m sure it’s not going to be that bad since raising rates are not in play it’s just all talk. Possible sideways day tomorrow to create some support or the usual buy calls at the open and sell at the end. This is why I like to wait 30 minutes or 15 to make a move, if you don’t know what I’m talking about I made a video that shows the play. Also check my 2018 trend line chart I made awhile ago that’s where I pulled the weekly fib level. I know everyone is ready to buy puts but I don’t believe we’ve hit the top of the rally this easily. I mean hit the 200ma for 30 seconds and the rally is over I don’t think so please be careful out there we are not smarter than the market, best thing is cut the loses quickly and try again. Todays sell off was just the algos reaction to the amount of sell orders that were sitting at the ma. I’ve been known to be wrong so please have your own plan this is just an idea. As always trade what’s in front of you good luck
