Standard and Poor’s 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
We have been bullish since S&P 500 breaks above 2500. We will continue with our bullishness as long at price remain above 2578. If price close below 2578 we will re-evaluate this trade. We wish to maintain a trailing stop at 2521..
Standard and Poor’s 500 Index turn bearish and our stop loss was triggered.
The Global Automated Trading System #3 execute a short-term bearish trade and exit at the end of day.
We will wait for further price action before adding any new trades