Current Position: Long at 1442.53
Next Action: Stop and go short at 1456.48
Score (0-10): 7=Bullish=Trend Score + Turn Score=10-3
The Score narrowly stayed bullish. Today was a small SOS day. If SPX drops below 1460 tomorrow, SPX will turn neutral which allows for a very tight stop on the current long trade and subsequent short trade at 1456.48. The System Score is likely to get outright bearish if SPX drops to the 1440s in the next day or two. I will not be surprised by at least 1 round-trip whipsaw trade (short at 1456, long at 1462, short at ???), so be mentally prepared. But, I think at least a short-term top is likely especially once we get thru OPEX into Fri/Mon. Let's see what happens. Long for now. Good luck.
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