10pm: Longs have been closed and stats have been updated. I'm looking at 3 losing months in a row (so far) which I am not happy about. The recently implemented stop loss rules hurt me with this latest trade...half of my longs were stopped out a terrible price. Hate stop losses!
Fortunately there is plenty of time left this month to right the ship. One interesting thing to note is that a green SPY candle tomorrow will flip the system right back to healthy mode. At that point, it shouldn't be too difficult to get a buy signal sometime next week. I'm ok with that b/c the 200-day MA has to be tested eventually, right?
On the next buy signal, the stop loss would be set at SPX 1074.77. I have a feeling if we break that low, there will be no such bounce like we've seen this week. Bombs away to 1000.
2pm: Sell signal if SPY closes at 116.03 or higher. No short signal today. If SPY closes below target number, then continue to hold longs.