We entered a short trade on Monday , at 869.50 E-mini March S&P500 contract.
Right after the fill , the market began all his way down to a low at 806 area within days but then retraced sharply to 831 area on close.
I think this kind of behavior is NOT healthy for markets , to retrace from -2% to light positive area. It reflects that the buyers has no real power to move the index but to only 0.3% advance.
I waited for Friday to be a down day but that wasn’t happened(Actually it did after market was closed , the future emini was about 8 points lower).
We closed the position with 39.75 points profit.