S&P500 : Large Weekly SHS Top

• In process of forming very big SHS top now. Widely watched by media so expect this to be a difficult trade with lots of surprises along the way. Expect pain. Do in very small size until it works. Allow plenty of to-ing and fro-ing between the neckline at 1263.
• Potential size of downmove is 117 points (1371-1254). From NL at 1263, downside objective is thus at 1146.
• Initiated short ES this morning at 1259, in tiny. Scale up selling but pre-set limit on maximum size while it dithers.