Yesterday my model flashed a signal but I couldn’t discern right away if it was a solid BUY or SELL but its actually beginning to look like a very weak BUY signal.  The S&P500 has hit a lot of resistance and support lately so its interesting to note that the markets can go either way here.

The best thing to do, in my opinion, is to wait to see which way she breaks and then get in on that side (long for up, short for down).

(Note the resistance between the 1310 to 1325 level)