SGS is Long.
For the last 6 months, SPX has peaked at a new high near the middle of the month, then sold off and hitting its cycle low near the end of month or the beginning of the next month. This cycle is being repeated for November as well. What's important is that all mid-month highs are new highs (all higher highs) while end-month / beginning-month lows are just cycle lows (all higher lows). So, there is an excellent chance that we see a new cycle low next week (probably in low 1070's, around 50 D-SMA) and the rally resuming to make a new high in SPX probably by mid to late December.
My plan is to sell all positions in RTS 20091015 Long Portfolio on the next cycle high, I think we probably see 113X on SPX by mid or late December.