Yesterday the S&P 500 closed above both it's 200 and 75 day moving average, boosting my timing model to a +1.0, signaling 70% long. If the 5 day moving average can do the same, my model will go to +2.0, or 90% long.
Trend indicators are prone to whipsaws, but it's important to stay on your toes and in sync with the market. I have no idea where we will go from here, but if it's up I don't want to be chasing it from much higher levels.
880 looks to be a significant support level right now.
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