The System short position was stopped out yesterday for another 5pt loss and went long at 1503. The stop is being placed at 1498. I suspect a retest of the 1503 breakout is coming. The Score is now 8 so the System will not likely go short until the next overbought rally fails or until the 1480s become resistance. I'd say the odds favor 1520s before 1480s but we play the cards we are dealt. The 1-3 year EDT and even an expanded short-term EDT are still in play so ugly ain't far around the corner. Good luck.
No comments:
Post a Comment