In my September 24th posting I said “The line in the sand at both this [FoxPulse1] and the FoxPulse2 level would be a break of the horizontal trend line (in cyan) at 1681.96.” That level was broken yesterday and so these two levels (the Short and Intermediate) are now both bearish. Therefore, the aggregate reading on the cash SP500 is now 50% bullish. The FoxPulse1 (chart shown) will again turn bullish with a move above 1703.85 (green horizontal trend line) while it would take new highs to turn FoxPulse2 back bullish.
Note: The blog will not be updated again until October 9th.
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