Current SPX Position: Long at 1512.91
Next Action: Stop out at 1514.94 (subject to loosening depending on Monday pre-open)
System Score: 8=Bullish=Trend Score + Turn Score=10-2
The Score finally fell from 10+. However, due to the 2+ weeks of chop, it's still the same story. To get the Score bearish, SPX likely needs a 1-2 day failed rally or to turn the 1490s into resistance. Either way, no matter what happens to SPX, the System is highly unlikely to look for a short position on Monday and probably not Tuesday either. So, the System remains long and bullish. Good luck.
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