Current SPX Position: Long at 1558
Next Action: Stop at 1557.89
System Score: 7=Bullish=Trend Score + Turn Score=10-3
Proposed New Score: 64=Bullish=Trend Score + Turn Score=48+16
The grind continues. An ultimate top is not likely until April at a minimum, but I expect the 1525-1530 breakout area to be retested at a minimum in the interim as well. The System stopped out and went long today at 1558. The current stop is placed just below today's open and low of the day - 1557.89. However, the System will not go short under current conditions, because the Score is bullish and likely to remain so for 1-2 days. Tomorrow is OPEX so anything goes. We'll need to see what the technical conditions are heading into the weekend, but I expect the System to be long or flat until then. Good luck.
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