SHORT

ESH8 - short here 1387. We are at resistance zone. I smell weakness.

Good trading

Close long

Close long ESH8 at 1358.50. 22.5 points profit.

The market can advance much higher but something here disturbing me.
I decided to take profit.

Long here

Long E-mini s&p 1336.00. Details later.

What's the difference ?

I was asked many tines about the difference between posting signals here and my collective2 system. Due to limitations of the blog platform , only low risk trades are posted in the blog and more of swing trades, means a trade last 3-6 days.
Therefore , a signal could be posted once a week or even not in 3 months in a row.

In collective2 every trade is posted real time to all members and thus there are also intra-day trades. The risk is greater and due to recent market conditions , it was extremely difficult to trade.
Why ?
Because it seems like the trend was changed. The assumptions of uptrend are different than down or consolidation trades. It takes also time to identify it because we let the market do the job and we don't hint.

In this border , the collective2 was positioned with long trades and I am very happy that we managed to exit all positions to a new record high.
If you have questions , requests or any other thing else, you can contact me - gt@index-trade.com.

Close short

Closed short ESH8 at 1345. 42.5 points profit.

Updated permormance sheet can be found here.

Market is tricky now. Forecast for the 2-3 days ahead is down but today I susppect
there will be attempt to go up.

Where are we ?

The market did sold off quite a bit but decided to recovery surprisingly or not in the end of January.

If you notice , end of month returns tend to be more positive than negative and if you wonder why , I suspect it's due to institutional activities' and their interests to decorate performance.

Anyway , I decided to short S&P500 since we approached first resistance at 1390 , I feel the market is ready to rest a bit in the near term.

In the chart below ,S&P500 cash index ,there are two main barriers which lies under 1390 and 1420. Long term view isn't positive either.

Short alert

short esh8 1387.50. Details later.