The market has taken a strong push towards the downside again today. For now I think I am going to have to use 1300 as the dividing line between bull and bear here in the sp500.
I will stay on a BOT Long signal as long as the sp500 can manage to hold above 1300. If not then I think the original BOT short signal is going to have to stay alive. So anything under 1300 and I have to presume longer term weakness.
So I would think of 1300 as sort of a conditional circuit at this point.
Today’s action, if it holds, is going to start tipping the weeklies into quite a more confident bearish stance. It looks like today was the key type of day that makes the determination of trend more substantive.
thanks for your timely post. you are candid. BUT
QUOTE If not then I think the original BOT short signal is going to have to stay alive. UNQUOTE
what BOT short signal is going to stay alive? you discontinued the BOT short only one day after you put it in place! you are currently operating on a BOT Long
the SP is currently below 1300, but i assume you mean if the close is below 1300 than u would go short. otherwise you would be short now. i beg you to stay in your long bunker.
I was referring to the original one that was active a few days ago. Not implying that it still exists. But it will if we hold under 1300. get it ?
I got it………..