traderCarl
Short

Exit long position at or just below the falling the 40 m.a.

AMEX:SPY   SPDR S&P 500
248 2 2
Exit long position at or just below the falling the 40 m.a.
Sometimes price can only return to falling 20 m.a. on this bounce back, however.
this very strong and fast recovery was quite the surprise...
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Too many gaps on the way up as well! A sweep down to 185 will fill all those gaps!
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