Update 12:45PM EST: 4hr support and short trade entry has been raised to 1542.93 with stop at 1554 just above today's high.
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Current SPX Position: None (would be long from 1519 but did not post enough detail in time)
Next Action: Short next 4hr support break (currently 1541.66) with stop at 4hr resistance
System Score: 4.5=Neutral=Trend Score + Turn Score=10-5.5
Proposed New Score: 50=Neutral=Trend Score + Turn Score=48+2
The short entry point has risen a couple points near 1542. I still expect a backtest of 1520-1530 short-term after today's likely pop 'n drop and then we will see if the jobs number marks a more important top or not. My discretionary spending analysis favors a top further out, so the next large drop (maybe 3-6%) will likely be bought once again whether the subsequent rally falls short of a top or not. Good luck.
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