Wed 6/12/2013. Mid-day Update.

The Score is still bearish which means the stop can be placed up to 1% beyond 4hr resistance with some guidelines described in the System Review. I'll lower the stop to 1638-1642 if SPX can stay in the low end of its range into end of day. The Score is expected to creep back up towards neutral as SPX gets more oversold and should turn neutral by the end of Thursday if SPX consolidates or sooner if SPX drops hard beforehand. A neutral Score would lead us to tighten our stop to 4hr resistance and go long at that level at least temporarily. Things are still going to projections, but 1600-1610 is where the rubber meets the road. Good fortune.