Current SPX Position: Short from 1586.16
Next Action: Stop and go long at 1575.36
System Score: 7=Bullish=Trend Score + Turn Score=10-3
Proposed New Score: 56%=Neutral=Trend Score + Turn Score=48+8
The Score has turned bullish. The System remains short but is setup to go long unless SPX can turn 1570 into resistance. There might be 1 day of whipsaw, but I expect SPX to make at least 1 more lower low in the 1540s and possibly 1525-1530 before consolidating and rallying into late May or early June. Good luck.
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