The Fed cut rates to boost the liquidity and economy was supposed to be a good thing but nothing can match the intensity and the fear of the coronavirus effect. The Dow rebounded on good news yesterday. There was such a powerful rebound which the Dow reacted to the good news in just 1 long bar and suddenly, everything fumbled and collapsed. Shorted the Dow Jones and also some of my student traded Nio and made $$ out of it. It's a very clear signal to sell the market yesterday than buying on the Fed rate cut good news. The chart was all predictable signals for entry and exits. Happy to see profits from everyone who traded with me and followed the clear game plan on shorting. The Dow slammed down -785 points is no joke but becareful of any dead cat bounces now.
Ron K - A Game Changer
