Current SPX Position: Long from 1550.90
Next Action: Stop and go short at 1540
System Score: 9.5=Bullish=Trend Score + Turn Score=5+4.5
Proposed New Score: 62%=Bullish=Trend Score + Turn Score=20+42
If the System were using the Proposed New Score, it would go short at 1549, versus 1540 for the current Scoring ...just something to watch. The System just exited a profitable short trade at 1551...a tie for its 3rd largest since August at 35pts. And, the System reversed to a long position at that same 1551 level. The System long-exit/short-entry level is likely to rise to 1550+ if SPX can stay fairly flat or positive into the Monday close. A failed backtest of the 20dSMA area (1564ish) with Tuesday reversal back down to 1525-1530 or 1500ish over a few days is my ideal scenario, but 1480 is not completely out of the question. Good luck.
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