The rate at which a person can mature is directly proportional to the embarrassment he can tolerate.
Okay so I forgot about the 20 day moving average (dma) on Thursday before Friday's big reversal. Reversals like we saw on Friday are rare. I've also found that at market highs there also bearish in nature. The SPX daily candlestick chart below highlights what I missed on Thursday which is the 20dma acting at support on the downturn. I'll be honest I thought Thursday's close was bearish enough to be the start of something bigger and it still might be but the point is that if you were short you could of used the 20dma as your line in the sand to cover shorts if we bounced. Again I'll admit I was taken back my the massive bullish reversal on Friday and anyone that said they saw that coming is simply BSing.
Thanks for reading.