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

Position closed

We took a short @ 912 since market conditions suggested a pullback.
Since there is more juice to fall , we let the position ride.

Once there is a profit , we never risk the profit. A profit stop at 898 was placed and today was activated. Position is closed.

Good trading

Market update

Market seems to be vulnerable in the coming weeks for a sharp move.
Recent breadth and other measurements suggest a reversal is near.

In case this analysis proved to be wrong as S&P500 will move north above 970, then most chances that the down trend is done.

Good trading