S&P @ 1338
It appears market is preparing for some sort of pop and euphoria after greece vote and central bank mumbo jumbo over the weekend....which is fine because it will simply set-up an even better shorting opportunity.....
I see the SnP filling gap left from May breakdown at 1353....then most likely on it's way to nail the 61.8% retracement level from 1415 to 1268 downmove which is 1357-60....lots and lots or resistance between 1360-70 if there is an overshoot....
Remember the market is never wrong...and if you get mad at it or upset, then you will only make worse decisions down the road....I nailed the top call above 1400 and have some incredible profits racked up through all my shorting activities over past few months and even my long trades have been solid....which reitterates how much charts/technicals don't lie....
Most of the international shorts have between a 7%-14% gain....I will be Neutral going into next week and react to what the market is telling me then....Everything on my current position list as an open SHORT still has a broken chart...could it rally more or throwback more? ....absolutely, but I'm short from much higher levels...so instead of closing these positions out I will so using hedges...
No reason to make a big bet here....my trading strategy is playing the bell-curve not the tail events....
When you look at all my closed positions this is why you clearly see a pattern of my losing trades being small draw-downs and percentage losses....and my Winning trades much larger average gains....with this probability trading strategy it will allow me to make money in any market environment....
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