OEX 715 puts it was and a perfect day trade. Rebounded at S1 712 which was the time to close out. Now, where do we go from here? The market is overbought, VXO gave a sell signal and the buy sentiment was cut in half although the sellers were not out in full force. This is not a buy point. From past experience since this is up trend, shorting will be best served by day trading. Do not leave shorts overnight. But 707 is reachable. As long as it is below 715 short it. s1 is 712, s2 is 707. Close your shorts if it rebounds at 707 and remain short if it is below 707.
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