TOT daily traders went 300% long at SPX 1966.22 earlier today. The SPX is currently about 1984. However, I see this as a counter-rally in a sell off, AND
it is a certainty that the daily model will be bearish on Monday, regardless what the market does the balance of today. Raise the stop on the position to a
very tight SPX 1982. If the SPX advances to 1986 before declining to 1982, raise the stop to SPX 1984, and for each additional 2 point advance, raise the
stop by an equivalent 2 points. If not stopped out prior to the close, take your profit on the close. Furthermore, under any circumstances, go 200% short
on the close and carry that position over the weekend and into Monday.
Have a great weekend, thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s trading session.
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