Current SPX Position: Long from 1672.00
Next Action: Stop at 1662.66
System Score: 6=Bullish=Trend Score + Turn Score=10-4
Proposed New Score: 58%=Bullish=Trend Score + Turn Score=48+10
The System is long again, and, quite unbelievably, the technicals are on the verge of turning very bullish with the smallest of pullbacks or perhaps even a consolidation. Perhaps a final spike high is possible, but discretionary spending suggests an 8-10%+ downtrend is imminent. Good fortune.
Could you elaborate on this discretionary spending analysis please
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