Replies to post #2281 on Rule-Based Trading Systems

[northam43]

SPX Update:

I said yesterday:

"Right now all I am seeing is a ST pullback and possibly a new daily cycle starting."

The new SPX Daily Cycle has been negated for today. The SPX would have to open tomorrow below 1100 for a new Daily cycle to start.

[northam43]

As I stated a few days ago:

"On the SPX weekly chart if you look at the MACD (12,26,9) it has been bearish for quit awhile. The last time it was in it's current position, a LT Bull Rally followed."

It is still on the Bearish side and the gap is still large but narrowing. If it eventually makes a bullish crossing. I expect SPX 1200 will follow.