Current SPX Position: Long at 1631.82 (Last short trade stopped out 1627-->1632)
Next Action: Stop and go short at 1623.70 (and rising)
System Score: 4.5=Neutral=Trend Score + Turn Score=10-5.5
Proposed New Score: 50%=Neutral=Trend Score + Turn Score=48+2
More whipsaw. The Score briefly gained a point on Friday but the late volatility drop nixed that. Late Monday, the Score could rally to 5.5 to 6.0 unless SPX gaps higher and runs. Futures currently indicate the opposite, a 5pt lower open based on a rumor that the Fed my ease off the gas during the summer. We'll see. Nothing has slowed the SPX train down in 6+ months. There is still a small window of time into Monday afternoon for bears to strike before the technicals go against them. Good fortune.
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