S&P500 : Spring Bear

• Weekly : Close last week = dark cloud cover. Should see follow through next week to around 1780 where we shall see if the uptrend line holds.
• Daily : Since the shooting star last Friday + evening star thereafter, market has been soft (as per candlesticks theory). Last night's close at 1839.50 is below a significant previous high at 1846.50. Expect the coming days' trading to either 1. be choppy while we try to form the right shoulder of a SHS top, or 2. we go straight down with some force. In any case, being short is right.
• Trade : -1859 / + 1839 / -1844. So worked into a small starting short position at -1864 average. Planning to build on this patiently. Will not lose money on existing position with protective stop below entry. It's the new positions where the play is.