Updates Thursday 4/2/20

On Thursday 4/2/20 at 7:15 PM EST, our system dropped the highly bearish signal down to mildly bearish signal of -10.  We explained to our readers that it was time to scale out of short positions.   This came ahead of the weekend.

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Updates 7:15 PM EST - Thursday 4/2/20

SIGNAL:  -10   (mildly bearish)  
Maximum bearishness is -55.   Maximum bullishness is  +55.  Zero is neutral. 

Earlier today, we wrote:
We may scale out of the short positions if the signal becomes a lot more positive, and reaches -10 or more positive (ex: -7 or -3 etc.).    

This is what we did after hours, once we posted at 6:22 PM EST.
We scaled out of some of our short positions.   

Summary:

• The Down Trend that started on 2/20/20 is still intact.
• Dive1:  2/20 - 3/23
• Bounce1:  3/23 - 3/31
• $SPX $NDX $RUT are now going sideway, trying to rise up to retest Resistance2.
• Resistance2 is going to be tough to surpass, but we will be monitoring.

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