If SPX can make a lower hourly close at 1pm or later, the stop and go-long level will be lowered to 1506 from 1526. The drop looks like it needs a 5th wave down possibly being a mini EDT. The Score is still a bullish 6 currently and will increase if SPX can hold above 1500 into end of day especially above 1510. I mentioned the TRIN and indicator setup favored a large bounce after a test of 1500ish. Maybe a 50-90% w2 retracement. But, the System is short for now and I think the trend is now down for a couple weeks. Good luck.
No comments:
Post a Comment