Market Timing - posted at 1040 EST
Swing trade - 100% long positions; stop for all positions to SPX 1290.
Investor core - 100% long positions; stop for all positions to SPX 1290.
We are opening with a gap upward. I think we go higher for the next few days. But SPX 1304 is still the first test.
Now SPX 1305 to 1311 may slow the action a fair bit. I expect SPX to get over the lip today. Momentum and volume are in above normed levels. Volume patterns have continued to point to upward movement and so also this morning.
NDX is presenting at recent highs at 1720. The Dow is lagging out of the open, but it also was the last to put a low. It may transition to a follower over the next weeks.
More within the hour.
Good Trading and God bless
W. B. Busin
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