We have the cross below the 15 day MA on JNK that I have been looking for. I didn't start getting short yet because as I said, you don't want to be entering when the market is in low volume ahead of a holiday. I was correct. The markets opened well down but the algos managed to bring it back to unchanged by close as I expected. We must wait for the confirmed entry, not start guessing. That has been my downfall in the past. I knew the analysis but I doubted myself and started to guess. You won't get the exact bottom or the exact top. We only want the bit in the middle. That is where the money is. We only want high probability setups.
You can see here how the markets regained the opening loss intraday by the close.
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