Current SPX Position: Short at 1693.00
Next Action: Stop-n-go-long at 1693.05 with stop at 4hr resistance
System Score: 7.5=Bullish=Trend Score + Turn Score=10-2.5
Proposed New Score: 56%=Neutral=Trend Score + Turn Score=44+12
Interestingly, the proposed new score remains neutral while the current Score is bullish. The System remains short with stop now at the trade entry point. Dip buying seems inevitable under current technical conditions, so bears really need a quick swoon to prevent or minimize any new high. Below 1655 could do some technical damage with a previous gap up, pivot and 20dSMA in that area, but I'm doubtful bears can get that low before another good rally. Good fortune.
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