200 days moving average

Wednesday morning, S&P gap up, it reach +15 at one point, I almost place an order to short it. well, market order is not my favourite choice, so I decided to place an limit order and wait for a better entry price. Market go back down -6 at the end. Miss the chance to make some money.

Market still searching a short term bottom, at this moment, the most critical point to watch is the 200 days moving average which is 1104. That's the limit short order I place in this morning. If the market is strong enough to break through this point and stay, bull may take charge. However, if it turn back after touching it, then the bear will gain power.

My short term strategy is

1. to short the market again if it reach 200 days moving average and go back down.
2. to start adding long position when it keep sell off  to 1010 and below.