SH S&P short, and leaving something on the table.

sh march 3

In the institutional market where your counter-party invariable is that anonymous “the market” there is a certain protocol or guide-line that says that you should always leave something on the table for the next guy/girl. What is really meant is don’ get too greedy.

Looking at the SH, the inverse of the S& index, it would seem to me that it is 10 to 12, or high time to “leave something on the table”. The count could be a clean 5 waves up with perhaps a few little waves to go. It is a double top and the RSI is reaching the 70% level. Perhaps the light is not yet on green, but it is amber!