This signal was a false one ?

The last sell signal was accompanied by both a price weakness and breadth weakness.
While price hasn't broken down and eventually move up , the breadth still suggest weakness.
That's why I stick with my sell signal s&p index.
Trading isn't an easy thing to do. The last event is a good example.

I still see a limited upside potential. When the market isn't "listening" to the breadth over some period of time , the drop can be brutal.

I was asked whether there is a stop loss in the signals. I have a mental stop where I can see I was wrong.

I follow the position constantly in my new collective2 system called swing it which is the trading system that has been generating the signals in the blog over the last year.

Good trading

Short signal

A short signal has been placed for E mini SP contract at 1382.00.

Good trading

Exit long - 60.5 points profit

Glad this trade was finally a winner. The market was helding the 1320-1325 level and triggered
a potential upside movement.

We set 60.5 points profit. The market may go higher but I decided to take profit here.

Good trading

Long

Well , I don't have full confirmation but I take here long 1332.
Because the risk is higher than usual ,the stop here will be placed at 1317.

Good trading

Keeping the risk a way

Yesterday decision was obviously a mistake (The s&p emini contract is traded at 1344) but I don't regret. I had some indicators suggested to exit short. That doesn't mean going long but rather be careful - there might be a trend change .

Right now , I wouldn't go long here and prefer the down side though short here involves a greater risk than usually and that's why isn't declared.

Good trading

close short

I am closing short here. 1367. 3 points profit.

Short here

Looks like market is about to turn direction. I take short here at 1370.
E-mini S&P 500 june contract.

Good trading

How come we "missed" this rally?

Well frankly , I haven't asked myself this question since I trade set-ups and sometimes those occur too fast for me to get on board as I look for confirmations from various tools.

At least my senses told me to get out the profitable trade and not to wait more.
As a trader , the most annoying thing for me is a profitable trade that closed with a loss.
The market is a complete chaos who can turn around in a second. When you are on track , you need to take the money out of the table. Usually if you don't , the market will do his job while you lose.

I suspect rally isn't over yet but only started. shorting here isn't a good idea.

Good trading