Thursday, April 4, 2013

Thu 4/4/2013. Daily Update.

Current SPX Position: None. Stopped out of long position 1555-->1562
Next Action: Go long at 1566.91
System Score: 10+=Bullish=Trend Score + Turn Score=9+4
Proposed New Score: 72%=Bullish=Trend Score + Turn Score=24+48

The Score is bullish but the System has no position. Based on how my Scoring works, 1551ish (and rising) would get the Score close to neutral, but it will likely take either sub-1543ish and/or a backtest of the 1550s to get neutral-to-bearish. So, the System will go long at 4hr resistance or wait a little longer for a short setup. Good luck.

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