4hr support has risen to nearly 1512 where the System would stop out and could go short after 3 today or sometime tomorrow if the Score drops one more pt.
P.S. support now near 1514.
P.P.S. 3:25pm support/stop now 1515.02. Short level is 1 penny below the 20dsma (currently 1511.82) but could rise to 1515.02 by 4pm or early tomorrow. Also, I mentioned SPX looking impulsive up while Dow looked like an ABC down prior to this rally. That made a large downtrend unlikely and thus new highs likrly in Mar/Apr, but now that Dow has made a new uptrend high, the puzzle pieces for a larger downtrend are back. SPX could be completing a wave 2 flat (3-3-5) with negd versus Dow. The 2 indices would likely sync up later. Of course, a new SPX high ruins that idea but the Score is on the verge if finally going bearish at 1511-1515.
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