Thursday, May 23, 2013

Thu 5/23/2013. Daily Update.

Nothing significant changed, but the System got slightly more bullish. The long entry point fell to 1679.52, and SPX is likely to make a lower hourly closing low before then. The System needs a multi-day rebound or consolidation before it will go short. Good fortune.

2 comments:

  1. Should the long entry point falls to 1655.51?

    Thank you,

    Jean

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  2. No. SPX did not make a lower hourly close for the downtrend. Almost but not quite. If it does, the 4hr resistance and entry level will be lowered.

    ReplyDelete