Replies to post #2403 on Rule-Based Trading Systems

[northam43]

JLS - I am fully aware that OB can last for a significant period of time. The SPX Daily has been in OB for the past 9 trading days. The Weekly & Monthly still have room to climb. Today the Daily PPO has made a bear cross. So a ST pullback maybe in progress.

Since we have made a new 52 week high on the SPX at 1153, I suspect a possible pullback to the 1136 level, then a push to the 1200.