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The rebound if any may be short lived (2 days max) and would be limited by the resistant range 1209.4-1215.7

Reviewing my Game Setting Monday
(I will change the scores system: Excellent for overnight positions which profit the gap next day (+2). Good for profit day-trade setting (+1). Neutral for non-profit day or overnight setting (0). Poor for losing day-trade setting (-1). Bad for overnight positions which lose the gap next day (-2). The Perfect (Score of +10) will be assigned to a call for a trend change of 15 days duration (only higher highs or lower highs seen for 15 day). The system is applied from this Monday).

Yesterday I said: "I would be better prepared for both scenarios, up or down". => Good preparation.
Aggressive Bull: Longs as long as SPY > 121.23 (Who believes the rebound). => Not happened.
Cautious Bull: Longs if SPY > 122.75.  =>Not happened.
Bear: Shorts if SPY < 121.23. => Short @120.20, cover @119.00, Profit 1%. Good setting (+1).
My integrated score: +1

1. EURUSD daily is in indecision mode and framed by 1.3407-1.3567. 2. SPY hourly is at the lower boundary of the bearish channel. A rebound will be challenged by the resistant levels ~ 121-121.5. A continuous diving will face supports 117-115.8 (The book target of triangle and the Fib 61.8 correspondingly). 2'. SPY daily, a very bad sign is it's price crossed down and closed below the MA50!
3. My Game Setting (If I don't mention overnight, day-trade understood)
I think the rebound if any may be short lived (2 days max) and would be limited by the resistant range 1209.4-1215.7
Aggressive Bulls: If SPY sinks below 119.25, long at it's breaking up this level. Or long at SPY pop-up above 119.25. Keep overnight if Europe markets are green and 121-121.5 are distanced. Must sell at green Wednesday.
Cautious Bulls: Long if SPY > 120.35
Aggressive Bears: Short if SPY retraces downward from 121-121.5.
Cautious Bears: Short if SPY < 118.65.
Posted by StockMarketWinner at 8:50 PM