Monday, December 3, 2012

Sun 12/2/2012. Daily Update.

Current SPX Position: Long from 1414
Next Action: Stop and go short at 1401.78
System Score: 6=Bullish=Trend Score + Turn Score=6-0

As I mentioned, if SPX held 1410ish, the System Score would turn bullish again. It's likely to go neutral below 1401 and bearish below 1390ish. The stop will rise to 1411.62 if SPX has an hourly candle close at 1417.53+. Good luck.

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