Shardy's Day Trading Journey - Day 25 - Bad News Again

Today was a disastrous day for the market.  More bad news struck the market dropping nearly everything.

To go off what I talked about yesterday, do not trade the news. However, after the news settled trades were as valid as ever. Trading with the trend paid huge dividends. If you look at the chart below the obvious trend is down so when that happens, don't consider buying off the bottom Bolinger until it shows signs of a reversal in trend. Each time price hit the top of the BB it dropped right down.

Overall the S&P 500 dropped over 30 points. The blue circles on the chart mark where the sells off of the top BB would have been valid. Again you can see there were buy setups as well but with the trend being directly down there is no reason to buy.