(Update Fri 10/5/12 11:30AM EST)
The System is taking 25% profit at 1468ish because it reached about a 1% gain at 1467/1475 resistance with the 15min Turn indicators going very bearish. They likely need to be worked off with sideways or down action. Good luck.
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Current Position: Long from 1455
Next Action: Stop and likely go short at 1459.17
Score (0-10): 4=Bearish=Trend Score + Turn Score=10-6
Small SOS day yesterday. The Score above is somewhat predictive based on SPX reflecting a 5-10pt rally at 10AM. If SPX reverses by 10AM or has bad breadth, the Score should be 5 or 6. In either case, the System is long and likely to go short at the next 4-hour candle support break, but that could be a while if SPX breaks through 1467/1475. Good luck.
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