Current SPX Position: None
Next Action: Go long at 1443.70
System Score: 6=Bullish=Trend Score + Turn Score=7-1
I will likely not post again until Sun/Mon. The Score remains bullish. A week ago, 1410-1415 was the dividing line for bulls and bears. Now, that line has moved up to 1415-1420. The next 4hr resistance break above that level will likely be bought by the System, and the next 4hr support break below that level will likely be shorted. The former would currently take a rally to 1444 but the go-long level will drop below 1434 if SPX can close another hour lower. The latter would take a drop to 1415-1420 followed by a failed rally and new low. Enjoy the holidays and good luck.
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