Daily Recap 10-7-2014

Yesterday the system signaled a possible 60 min short entry, and this morning the signal was triggered with an open below the trigger line, and although SPY made some feeble attempts to recover it continued to decline all day. This goes well with my suspicion from several days ago that the rally is not real since there were no positive divergences, but it remains to be seen if the bears can really do some damage or will the bulls hold the line again.

In the meantime the system is short and you can see the exact signal stop values here

2014-10-7- Daily

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