Current SPX Position: Long from 1560
Next Action: Stop and go short at 1586.16
System Score: 4=Bearish=Trend Score + Turn Score=10-6
Proposed New Score: 56%=Neutral=Trend Score + Turn Score=48+8
Now that hourly technical indicators have gotten so high, it will likely take 1+ week for them to get oversold again. So, if bears can strike fast, they can probably maintain the bearish setup for a while. But, it's hard to see 1560 getting cracked by much without another good rally. The daily and weekly and monthly levels still show lots of negd. But bulls are in charge for the time being. Good luck.
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