Current SPX Position: Long at 1687.06
Next Action: Stop at 1680.06
System Score: 8=Bullish=Trend Score + Turn Score=10-2
Proposed New Score: 70%=Bullish=Trend Score + Turn Score=48+22
The Score is bullish. The System is long. Technical indicators are setup to make the Score even more bullish over the next day. Although a C-wave down to 1660-1675 seems very possible for a short stint, I expect SPX to rally or at least consolidate for a couple days and new highs seem probable. However, if that occurs and SPX cannot clear the 1690s by much, the technicals should set themselves up for a more significant down move. Good fortune.
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