Following our last INTRADAY UPDATE this morning around 11am EDT, the S&P 500 Index moved even higher and reached a session high of 2783.68 – thus approaching the 2775-85 level that we mentioned in our forecast. (click here for the forecast/trading plan)
The trailing stops our models instituted have accordingly adjusted the stop trigger higher: now the models’ 12-point trailing stop orders have the sell level at 2771.68 if the index were to fall that low from the current levels.
If you are new to or just want a refresher on how a “Trailing Stop” works, please click on this educational article to learn more.
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