Sunday, November 1, 2015

SPX Is To Back Test Its 200 D-SMA

SGS Market Timer Status:   LONG 
LONG as of close of 10/23/2015
RTS Current Portfolio (2015) 
RTS Past Portfolios (2008-2014)



Chances are good that SPX sells off to back test its 200 D-SMA around 2060 early this coming week.  If SPX penetrates its 200 D-SMA by 1% or more, then it would very likely continues its decline to test its DLT, 100 D-SMA and PDL-1.

My Plan:

I'm still planning to covered all remaining short positions as SPX sells off to back test its PDL-1 around 2020.  Should SPX continue to move up, I would cover if SPX close above 2100.

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SPX: S&P 500 Index    D-SMA: Daily - Simple Moving Average
DJI: Dow Jones Industrial Index    D-EMA: Daily - Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ADL: Active Downtrend Line
OEX: S&P 100 Index    AUL: Active Uptrend Line
NDX: Nasdaq 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line  

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.