fSP500 Index - short-term direction

Hi,

On the chart below, there are my currently observation for futures market on the SP500 Index. This is a signal, typically short-term with a very close stop loss level 3 - 4 points above the spot price.

Potential target that can be achieved is difficult to estimate at the moment. Therefore, you must observe the behavior of the market.

After all, I'll risk and give you a couple of targets.

If the market will prove to be strongly weak and reach levels of 1,804 points. Then, will have to close half of the position and possibly overcome the strong levels of 1800 points to open additional short positions.

chart 1. fSP500 Index, H1, 2014-02-17

In addition, I add interesting fact. To reflect :)

A curious finding emerged in the latest 13F by Soros Fund Management, the family office investment vehicle managing the personal wealth of George Soros.

Actually, two curious findings: the first was that the disclosed Assets Under Management as of December 31, 2013 rose to a record $11.8 billion.

The second one is that the "Soros put", a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of 'reflexivity' and the founder of "open societies" may be anticipating some major market downside.

Then again, as a percentage of total AUM, the put position rose to 11.1% of his notional holdings. By way of reference, as of June 30 2013, his SPY put may have had a smaller notional value, but it represented both more shares (7.8 million), and was far greater as a % of AUM, at 13.5%.

Finally, remember that what was disclosed on Friday is a snapshot of Soros' holdings as of 45 days ago. What he may or may not have done with his hedge since then is largely unknown, and since there are no investor letters, there is no way of knowing even on a leaked basis how the billionaire has since positioned for the market.

trade safe,

best regards,

oscarjp

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