"Short Trading Requires Patience + Discipline " 4/20/23 Update
An early update, because of the importance.
I have been advising my followers to short a downside break of 4134.37
This morning the S+P 500 "gapped" completely thru that support from yesterdays close 4154.52
OPENING at 4130.48 and triggering a short term "sell signal"
Make no mistake.
Buyers will be out today,
trying to rally the market back to hold support at 4134.37 by " The Close "
However, short traders should not fall for such weak handed, short covering buying today.
A downside turn in the market could be very near.
Short trading requires both patience and discipline.
Do you have these qualities in yourself,.. as a trader ?
SPX 1015 AM EDT OPEN 4135.37
THE_UNWIND
WOODS OF CONNECTICUT
I have been advising my followers to short a downside break of 4134.37
This morning the S+P 500 "gapped" completely thru that support from yesterdays close 4154.52
OPENING at 4130.48 and triggering a short term "sell signal"
Make no mistake.
Buyers will be out today,
trying to rally the market back to hold support at 4134.37 by " The Close "
However, short traders should not fall for such weak handed, short covering buying today.
A downside turn in the market could be very near.
Short trading requires both patience and discipline.
Do you have these qualities in yourself,.. as a trader ?
SPX 1015 AM EDT OPEN 4135.37
THE_UNWIND
WOODS OF CONNECTICUT