SPX - A day in a life of a short trader
Even if we had the FED meeting today - It was a clear and visible that selling pressure will lead the way. SPX started with a gap down and showed no attempt to close the gap at open or within first hour (initial balance). Right after intial balance we broke wit lower Bouhmidi-Band indicating more selling pressure to come. After two attempts to regain the first lower BB we saw in the last 30 minutes of trading more sell orders coming in and confirmation for trend continuation. At the end we close below of 2 sigma Bouhmidi-Band. SPX lost 1,6% at the end.
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