From our trading plan for today – published last night: 

(1) “Aggressive, intraday models indicate trading from the long side while above 2725 and from the short side while below 2715 with tight stops (as small as 5 to 10 points). Stay flat between 2725 and 2715 (if not already long from this morning).”  

– Intraday, aggressive Models are currently short at 2714, with a stop at 2718 and a target of 2708. 

(2) “Medium term models bought above 2715 and are currently long. The models have a stop order to sell the long at exactly 2715, and indicate taking profit on another test of the 2730-35 band.”

– SPX never reached the vicinity of 2730 (day’s high so far is registered at 2722.50), so profit not taken. Models got out at 2715 and are currently flat. 

(3) Both style models using 2725-2715 band as a pivot for trading decisions. Current action so far spells weakness for the bulls and continues the choppy trading range. 

Tread safely! Trade wisely!