Although there is almost zero possibility that the System would go short today, there is a possible window for a short on Monday. As of Monday morning, the Score would likely drop to 5 if SPX trades down to 1407-1411 in which case the System would stop out and go short. Otherwise, the System is staying long and will raise the stop as appropriate since the window closes on Tuesday. Although the System does not rely on EW, you could easily make the case that a 61.8% ABC retracement (nearly) completed at 1343-->1424, and SPX is about to start a wave 3/C down to sub-1343. You could also argue for a 1-2 up from 1343 in which case wave 3 up is about to start. Sounds like an inflection point which is indicative of the choppy sideways trading recently. Good luck.
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Current SPX Position: Long from 1410.53
Next Action: Stop at 1404
System Score: 10=Bullish=Trend Score + Turn Score=8+2
The stop is now 1404 as 4 candle hourly support has risen. The System will not go short if stopped out since the Score is bullish. Good luck.
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Current SPX Position: Long from 1410.53
Next Action: Stop at 1404
System Score: 10=Bullish=Trend Score + Turn Score=8+2
The stop is now 1404 as 4 candle hourly support has risen. The System will not go short if stopped out since the Score is bullish. Good luck.
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