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.
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