SP500 Posture

SP500 perfectly tested the first primary support level that I discussed in previous posts. Though I still expect a test of the weekly trendline (in red) this support may require a litte more time to work through before we get that test.

The weekly system is still building a short position and exited its short trades for the second time during the position via reticualtion at the cycle triggers. The short positions has not been re-entered.

We finished a tremendous month of November with the second best results for a month so far this year with trading well into the double digit returns on average.