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
