Model update for today's market (8/1): A Buying opportunity?

smallwonder said: "Today's buy model number is 2.13 (was 1.49 yesterday), and the sell model number is 4.6 (was 4.1 yesterday). WE HAVE A BUY SIGNAL FOR TODAY (a qualified buy signal requires positive buy model number for two consecutive days, and one of them greater than 1.5). So, is this a buying opportunity? It does not rule out any short term selling from here. However, if that happens, it will be a buying opportunity. It has a very high probability that the SP500 will be higher when the next sell signal is issued from the model."