To me the medium term trend is the most important (weekly and monthly 50%) but Im trying to sharpen my entries using the 5day 50%.
Now that it hit 4711 I would really like that to be the bottom as I bought stocks when the XJO was 4660 a couple of days ago.
I think the SPX will trade between 1098 (5day 50% = 1100) and the weekly highs tonight (1113). The weekly 50% should move up to around 1100 tonight if the spx doesnt go mental. This could put a floor under the market at around last nights low.
