Current SPX Position: Long at 1592.28 (Last trade short trade stopped out 1593-->1592)
Next Action: Stop and go short at 1614.58
System Score: 5.5=Neutral=Trend Score + Turn Score=10-4.5
Proposed New Score: 54%=Neutral=Trend Score + Turn Score=48+6
The Score turned neutral on Friday but 4hr support was below 1600 until today, so there was no practical chance for a short trade. However, the small rally brought the stop-and-go-short level to 1614.58. I suspect we'll retest the breakout at 1595-1600, but a whipsaw 4-5 combo is possible before that occurs. SPX has entered the minimum time window for a significant 8-10% discretionary spending-induced top, but the sweet spot is over the subsequent 2 weeks. The caveat is whether a bear market is beginning or not. If not, the time window moves out nearly 2 months for a larger top. So, the bull market is probably still alive until we get a significant technical breakdown followed by a failed backtest. My pure guess is that the bear market will start during the next 2-3 weeks with a stop-inducing drop to 1480-1510 followed by 1600ish again. But, none of that matters to the System. Good fortune.
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