Updaed performance plus market review

I haven't updated the site for a while and the reason was very poor market conditions.
The risk reward wasn't at our favorable ratio.

Many analysts , especially Elliot wave ones ,expect a down wave C to new lows , below 660.
We encountered a V structure bottom pattern which is very rare. My analysis shows that a new uptrend has begun since 980 area.
As long as 980 is not broken , The uptrend is still intact.

Please take a look at the updated performance page.

Market update

It's been a whiile since the last post and the trend has changed as suggested . So what's now?

Entering a long position here , can cause major loss since conditions are pointing
for a correction.
XLE look weak as well as September is the worst month of the year.

Nevertheless I prefer to short the safe way, where market confirm the down move and then corrects up to lower move.

Position closed

While market was looking as it in a reversal mode ,we shorted 944 area .

A huge rally came to stop us out at 974. 30 points loss. 30-40 points is the maximum loss the Swingit suffers since a change in risk mangament occured a couple of months ago.

As for now,Market is very strong as even change in trend can occur.

Good trading