Current SPX Position: Long from 1462.98
Next Action: Stop at 1471
System Score: 7=Bullish=Trend Score + Turn Score=10-3
Deja vu. The Score is likely to stay bullish unless SPX rallies for another day or two. The scenario I laid out where SPX bounces around 1470-1500 for 2-3 weeks looks plausible but SPX needs another burst likely as part of 3ofC of the expanding EDT. I don't know whether we get an EDT collapse in Feb/Mar or choppiness thru the debt ceiling and sequestration issues before things fall apart or explode, but the last couple years of ever smaller rallies and drops is nearing a decision point. The stop has been raised to 1471. Good luck.
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