Hold

Much like me, the system is indecisive on which direction the market will break when it finally breaks out of this consolidation pattern.  It is generating another hold signal today, suggesting that waiting on the sidelines is the prudent thing to do.  If I had to guess, I would bet we'll break to the upside... which probably means we'll break down.  Either way the market is coiled, and the resulting move will probably be violent. 

Hold

4:05pm:  Just missed it!  It was a close one, but when all was said and done, we ended up with another hold signal.  Sitting 100% cash. 

2:59 post:
 If we finish fairly strong, I think we'll see a short signal at the close.  The threshold is right around 132.70 for SPY.  Any finish above this mark, we'll get the short.  Anything below, and we'll get another hold signal.

Hold

System says we're not done going down yet... Staying out of the market.

Hold

Almost a buy signal today, but it's a hold.  The system will remain out of the market through the weekend .

Hold

Hold signal confirmed today.  If tomorrow is an up day, good chance of a short signal. 

Sell

The system waffled a lot today, but ended up settling on a sell signal.   Once again,  I am out of the market.

Buy signal

3:45pm: The buy signal will indeed last into the close.  Confidence is not that high, so I'll only be taking a smallish long position.  Good luck all!

1:15ET: Looks like we're heading for a buy signal today.  I will update prior to the close.