SPX Analysis and Proprietary Trading System
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Wednesday, September 11, 2013
Wed 9/11/2013. Mid-day Update.
The System is short at 1679.75. Since the Score is bearish, the stop is raised above 4hr resistance. The old 1710 high is more than 1% above 1684.09 (therefore not allowed by rule) and there are some minor pivots near 1700 in early August, but the best option seems to be to use the default 0.5% above 4hr s/r which is 1693. So, the stop on the System's new short position is 1693. Good fortune.
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