Saturday, June 25, 2016

Selling Very Likely Accelerates

SPX Support Zone 2020 to 2000 

Amid political and financial uncertainties (EU unraveling and a con man becoming the US President), chances are good that SPX continues its sell off to test support zone around 2020 to 2000 this coming week.

SGS_LT Market Timer Status: SHORT
SHORT as of close of  June 24, 2016
SGS_LT is a Long Term (weeks to months) Timer

Current Long Term Portfolio (2016)
Past Long Term Portfolios (2008-2015) 

My Plan: 
My plan is open my last and final short position should SPX closes below 2000.


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 informational  purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.