In this market gap downs does not necessarily mean there will be follow through selling. It might also reverse. More selling would be welcome if it breaks the range.
Till that happens it is same old boring story: stuck in a narrow range with high volatility.
If the market has a breadth thrust with 500 plus 4% breakouts then back up the truck.
If the market has 300 plus 4% breakdowns then put 2 to3 shorts
If neither of this happens sit on hands (SOH)
Meanwhile keep building your buy list
and everyday enhance your market knowledge and self efficacy...
Remember if you stay in the game then you profit from big moves....
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