S&P 500

I was stopped out of a short yesterday after a vicious countertrend rally. Volume is declining so we can expect the market to pullback. If we see a strong decline this week back into the channel that seems to be developing, I will open another short. If we see strong close on above average volume from here, the bearish case is weakened and we may test the highs. The goal is to not let opinions determine the trade but price action and probability.