Current SPX Position: Long at 1631.82
Next Action: Stop at 1646.67
System Score: 7=Bullish=Trend Score + Turn Score=10-3
Proposed New Score: 62%=Bullish=Trend Score + Turn Score=48+14
The Score remains slightly bullish. SPX could easily test as low as 1600ish and remain generally bullish with only sizable rallies producing temporary neutral-to-bearish states. And, I still stick to that 1600ish target for the next downtrend low. But, we follow the System and, despite the growing intermediate-term risk of a swoosh downward, it currently tells us not to go short short-term. Good fortune.
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