Ok, the S&P has rallied ~100 pts and my system still hasn't fired a buy signal yet. Nice, huh?
However, it appears a buy will be coming. We just need a pullback to the 34 EMA (currently near 1100 - but rising 3 pts everyday). A successful test of that trend line will result in a buy. Nothing is guaranteed, though. In March, we never touched the line until days before the flash crash. We also got a "buy" back on July 30th which resulted in the first loss of the year for the system.
We'll see what happens this time... I suspect patience will be required before the buy is generated. 1125 on the S&P should be strong support.
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