SPX Analysis and Proprietary Trading System
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Monday, September 16, 2013
Mon 9/16/2013. Pre-open Update.
The Score is slightly bullish and may turn neutral at the open. Either way, the System will stop out of its short and go long at the open with stop at 4hr support at 1686 currently. A strong reversal is possible but it is more likely to wait until the Fed meeting at this point. Good fortune.
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S2,
ReplyDeleteWhat is the system score at? We just closed the last hour with a really tight 4hr support. If we go down from here to 1701.96 is that a stop for the new long position or is it a stop and go short? Thanks!