Tuesday, January 15, 2013

Mon 1/14/2013. Daily Update.

Current SPX Position: Long from 1462.98
Next Action: Stop at 1461.29
System Score: 7=Bullish=Trend Score + Turn Score=10-3

Nothing really changed on Monday. However, if SPX decides to dip 10 pts, the Turn Score would almost certainly turn neutral making the overall Score more bullish. And, it will take a day or two of rally to get the Turn Score more bearish. Thus, the System will likely continue looking for a long position over the next day or two even if it gets stopped out. Good luck.

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