Current Position: Long SPX 1438.75
Next Action: Stop at 1453.62
Score (0-10): 10=Bullish=Trend Score + Turn Score=10-0
The System will no longer go short when the current stop is triggered. I can't say I've backtested any predictive value in my Turn Indicators, but, if we get much of a dip today, the Turn Score would likely go positive and strengthen bullishness. So, the 1440 support area could very well survive any breakdown and the System is likely to get long again on any drop and pop. At the same time, it doesn't look like a rally would get too far before the Score turned neutral again. That does not preclude small trends, but I suspect we will be stuck in a 2-4% range for a while longer. I only say that to set expectations for potential trade setups and whipsaw, but the System doesn't pay attention to my suspicions. We might have to wait until post-OPEX to get anything big going. Good luck.
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