Wednesday, December 19, 2012

Wed 12/19/2011. Daily Update.

Current SPX Position: None
Next Action: Go long at 1446.08
System Score: 8=Bullish=Trend Score + Turn Score=9-1

The weak SPX action today wasn't enough to make the Turn Score more bearish. In fact, the opposite occurred. So, the Score remains bullish. The System stopped out at 1440.31 as outlined, but it will be looking for another long entry for the near term. Any drop that holds above 1415-1420ish should keep the System bullish. If SPX rallies, the System will go long on a 4hr resistance break and the technical indicators will take a day or so to go bearish again. So, it will likely take another 1-2 day failed rally or a 2% drop from here to get the System into a bearish configuration again. My time will be inconsistent over the holidays while spending time with family. I updated the Trade History tab. Good luck.

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