| SPX Swing System Trading |
| Trade Date: | 2016-03-01 |
| Trade Position: | Long |
| Trade Entry: | 1967 |
| Trade Stop/Reversal: | 1987 intra-day (or any gap down below 1990) |
| Trade Profit Areas: | 1986-2004 gap resistance, 100SMA 2000 and 200SMA 2020 |
| Indicator Divergences: | Neutral |
| Indicator Extremes: | Very Negative |
| SMA Setup: | Very Negative |
| Sentiment: | Short-term Negative, Medium-term Neutral |
| Important Events: | FOMC decision Wed March 16th |
| Trade Notes: |
| The System remains long. All short-term divergences I follow are gone, but multi-month indicator extremes are near alarming levels. A strong pullback remains imminent. Perhaps SPX will drop next week and retest/retrace into the FOMC meeting. Regardless, the stop and reversal level is 1987 intra-day or a gap to 1990 or below. Good fortune. |
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