One day down signal, four days later up, then two days down, one day up. The first time this has happened and I hope the last. Best thing to do is stand back and see that $SPX is above the EMA(44) so just stay long. With all the bouncing around it never dropped below the EMA(44) on the close a good sign.
The news has been bad news and then good news. Stick with your plan and in this case use a moving average to determine the market direction. I say use EMA(44) and until it drops below that stay long.
Trading is a very hard thing to do so always have good money management plan. Never lose more than you are willing to lose. Plan in small losses and bigger profits.
Careful trading
Ben
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