Unfortunately, follow through fails to prevail amid bearish external factors. The wait for bounce only translate to ‘give up selling” as the wait for fbm to bounce remains a wait.A bearish day as prices dip below 7SMA. – 1/3 adjustment. A strong pullback can pull the mkt toward the green line, ½ adjustments. So, bargain hunters take note.
A sell mkt below 1220. Finally, liquidated my long…first trade this mth. Opting not to enter trading sell, as price still above the “last defence/green line” SMA support. Buy stop strategy.
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