Saturday, June 18, 2016

Selling Very Likely Continues

SPX Support Zone 2020 to 2000

Chances are good for SPX to test its AUL around 2055 on Monday.  A solid (0.5% or more) close below AUL would signal more selling ahead. 

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:  NEUTRAL 
NEUTRAL as of close of  May 20, 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 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.