SPX Support Zone 2020 to 2000
Amid political and financial uncertainties (Brexit and Trump's poll numbers sinking), chances are good that SPX continues its sell off to test support zone around 2020 to 200 this coming week.
Long Term Outlook (Weeks to Months):
SGS_LT Market Timer Status: NEUTRALNEUTRAL as of close of May 20, 2016
SGS_LT is a Long Term (weeks to months) Timer
Past Long Term Portfolios (2008-2015)
My plan is to keep my short positions open for now.
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.