Told you guys to sell in past 2 days. Party is over for now IMO and just like I said, after the shooting star and two hanging man candles on daily chart this is looking very toppy short term and going to correct to ma20 (48-49) now. After that it could bounce again or close gap below depending on what SPY is doing.
For now definitely take profits if you're a short term trader. This is a very weak bounce today (unlike past two days) and will take a quicker plunge tomorrow if SPY red too.
Not sure why you guys are thumbing me down, just stating the fact. She closed kinda weak and the bounce was weak. Definitely rolling over now on daily chart. Should see a much bigger move down tomorrow and next days.