Mon 7/30/12. Daily Updates

Date-Time	Mon 7/30/12 10:45AM EST
Active SPX Trade	None. The System did not go long as planned above 1345 due to the large gap up to 1358.
System Score (S2)	9 = Trend Score + Turn Score = 10 - 1 = bullish
Trade Trigger (T2)	Stop at 1370 if long. T2 will rise to 1382.87 if SPX closes above 1388.15 at 11AM.
Commentary	The Turn Score is finally turning negative but the Trend is strong enough to produce further rally or mild pullbacks. We'll probably get less volatile +/- 1% market movement until the Fed announcement unless the central banks leak something to reset expectations. It's possible the large SPX top has been delayed until the 2nd half of August, but a lot depends on the central bank actions this Wed/Thu. Good luck.