4:10pm: The strong buy signal was confirmed. I mean it this time. :) Sold my shorts I bought this morning for a huge profit. Two stellar days in a row. Good night!
Currently, 3:47pm, I'm getting a strong buy signal. Here is the rundown.
SPY closes at 122.62 or higher: Strong buy signal. System covers shorts and moves 50% long.
SPY closes at 122.61 or lower: Cover signal. Systems exits shorts and moves to sideline.
I'm hoping for a cover signal. The fact the VIX is not spiking bothers me. It wreaks of complacency.