Wed 3/21/12. Post-OPEX weakness again?

Since the mid-December low, SPX has been grinding higher with 1-2 week bouts of post-OPEX weakness (sideways-to-down action). The setup looks the same for March. My old System would have been long from 1347 on a 4-candle resistance breakout and then shorted around 1403-1405 on a 30% retrace of 1414 after a 4-hour candle breakdown and expectation of a cycle low in the next week +/-. There were no 4-hourly candle breaks between 1347 and 1414 and it's those frequent trending trades that made the System successful and I'm just trying to quanitify it better now. There are plenty of other reasons to expect at least a significant retracement of 1340 probably piercing the 20dSMA which is rising to the 1380s in the coming days. So, I have opened another short position at 1406 with stop at 1414. My last 2 post-OPEX shorts initially did well technically but saw profits vanish quickly. I will not have my new system ready for beta by end of March as hoped so just check back once a month if you are interested when it is ready. Good luck.