S&P and Nasdaq: Retracement Ahead

-S&P and Nasdaq futures both did a head and shoulder which signal a top especially when the bull took control for so many days. Took half of the position off the table first and let the remaining on the run.

- Not easy to short the market just yet because the overall trend is still bullish and this is merely just a retracement so far, more confirmation needed to enter into a short position in my opinion.

-However, cut lost should be strictly obeyed based on your own risk appetite, especially on individual stocks position.