Current SPX Position: Long at 1518.32
Next Action: Stop out at 1513.60
System Score: 10+=Bullish=Trend Score + Turn Score=10+1
The System is long again at 1518. A rally to the 1530s would likely turn the Score neutral and setup a short entry. SPX volume and momentum have been waning. And, SPX bumps into its Apr/Sep2012 uptrend line at 1520-1525 with lots of negd. Dow has not yet cracked its all-time high or closing high but has been flirting nearby at the 14000 resistance area. One more headfake upward would be a perfect setup but it doesn't always play out that way. Good luck.
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