Current SPX Position: Short at 1626.90 (Last long trade stopped out 1624-->1627)
Next Action: Stop and go long at 1635.02 (this may change later today)
System Score: 4.5=Neutral=Trend Score + Turn Score=10-5.5
Proposed New Score: 50%=Neutral=Trend Score + Turn Score=48+2
If SPX closes an hourly candle below 1625.74, then 4hr resistance (the stop-and-go-long level) will fall to 1631.82 or lower. As of 1PM today assuming SPX does not rally or fall hard, the Score will bump up 1pt and rise further into Monday afternoon. So, a consolidation in the 1620s or 1630s will likely lead to another leg up. Bears need to strike today or worst case Monday morning to get price lower before the Score resets bullish and another rally ensues. Good fortune.
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