TOT daily traders are currently 300% short. Our buy stop is at SPX 1709.86, ten points above today’s opening and about two points above the current price.
Unless the market retraces ALL of Friday’s 10.64 point advance today, the daily model will probably be bearish tomorrow (but my best “guess” at this time is that tomorrow will probably be the last bearish reading of the daily model this week). Therefore, if not stopped out, and if the SPX is closing above SPX 1692.56, which currently seems likely, carry the position overnight and into tomorrow.
By the way, so far we have six “sign-ups” for TOP. We still need four more.
Thanks for the opportunity to be of service, and I’ll email you again in about ten hours.
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