Current Position: Short from 1423.53
Next Action: Stop at 1434.28
Score (0-10): 2=Bearish=Trend Score + Turn Score=3-1
The System Score briefly went neutral near 1433, but SPX never broke our stop and the Score is now very bearish again. I'm just telling you based on my experience with the indicators that SPX is now potentially setup for a large 2-3 day drop because the trend is down with hourly overbought conditions. SPX would need to turn 1435+ into support to turn things mildly bullish. Assuming we get a drop, initisl targets are still the 1390s and 1370ish for Fib, pivot and price-volume reasons. Good luck.
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