All the good shorting opportunities occur above at least the 20dema if not even the 10dema when the S&P 500 is in a downtrend. In 2022 the first good short opportunity was the failed breakout as 2022 started. This is very similar to the failed breakout the market just had in early October. In my newsletter we got short entries right around that failed area through October and had some monster short winners into the crash on Thursday, especially $SOXS which was up over 130% from the Issue #202 entry. Now many more people will be interested in shorting, but like chasing rallies, the setup isn't in the market anymore because the S&P 500 is now way below short term moving averages. Unlike breakouts, you have to wait for big countertrend rallies to short. If you short into a big crash, its a recipe for disaster as even the worst markets have huge countertrend moves higher at major lows.
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