Current SPX Position: None
Next Action: Go short at 1680.14
System Score: 5=Neutral=Trend Score + Turn Score=10-5
Proposed New Score: 52%=Neutral=Trend Score + Turn Score=48+4
Very narrow range day. Some technicals got slightly more bullish but the small rally prevented much change. Another SOS day. The Score is still neutral, so the System will go short at 4hr support, currently 1680. SPX/Dow are bumping around key upper Bollinger bands on the daily, weekly and monthly charts and the May highs. A pullback is due, but the 1-2 day small consolidation higher would allow for another spurt especially if 1680 holds. Good fortune.
Curious why with a neutral score you are only entertaining a sell of 4 hr support break
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