Next Action: Stop and go long at 1598.32
System Score: 9=Bullish=Trend Score + Turn Score=4+5
Proposed New Score: 64%=Bullish=Trend Score + Turn Score=16+48
Futures suggest our stop-n-go-long level will be tested near the open. The Score has a good chance to drop to 7 late morning and 5 at end of day. So, if the System goes long, it will not be in a position to re-enter short until end of day and a 4hr support breach. Assuming 1598 is broken, targets include 1603 which is an ascending triangle target (1573-->1588=15+1588=1603), 1608-1609 which includes a Fib target and previous pivots and 1619 which is the 50dSMA. Option max pain is now in the low 1570s for Friday June 28th, and today's rally makes that a very reasonable price-time target with 1st week of July witnessing 1530-1550. Good fortune.
P.S. The System is now long at 1598.32 with stop currently at 1583.05. If SPX can close an hour above 1601.40, the stop will rise to 1587.18 or even
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