Do you have any thoughts on this simplified Carlucci system?
As per the system , the market is now "untradable" . Even if the Indext itself is at 87, 2 out 3 supporting indicators are negative ( the Stoch and MACD). Now what does this mean ? does it mean you should sell all your positions ? not really . However, it will be wise to place stop or trailing stop loss on those position. Please refer to the attached chart for the latest update. I made some modification to the MACD study.