Stop has been dropped to 1593.64 where 4hr resistance resides currently. More Fed jawboning. Even if SPX drops further, the bears won't really have a good shot at gaining multi-week control unless they can test and probably break the 1560s based on how my scoring works.
Current SPX Position: Short at 1593.27
Next Action: Stop-and-go-long at 4hr resistance (currently 1593.64)
System Score: 5.5=Neutral=Trend Score + Turn Score=10-4.5
Proposed New Score: 54%=Neutral=Trend Score + Turn Score=48+6
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