Current Position: Short from 1423.53
Next Action: Stop at 1434.28
Score (0-10): 2=Bearish=Trend Score + Turn Score=2+0
The previous long trade was closed at 1424 and profited 6pts. The System is now short as planned. My suspicion is that SPX has a final rally left in it ending on or just after the election, but it will probably fall short of 1434...maybe 1425-1430 or even 1420ish if SPX falls much lower on Monday. Then, I expect some sort of short-term capitulation. Regardless,we will play the cards dealt. And, they are currently bearish. Good luck.
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