Sunday, September 18, 2016

A Test Of SPX 2100 Is Coming Up

SGS_LT Market Timer Status:  LONG 
LONG as of close of  July 22, 2016
SGS_LT is a Long Term (weeks to months) Timer

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

Longer Term Outlook

Chances are high that selling continues this coming week as SPX tests its PUL-2 around 2100.

Shorter Term Outlook

Everyday past week, SPX traded below its 50 D-SAM and DTL.  At this point chances are good for SPX continues its selling this coming week to first retest its Old PDL-0 and 100 D-SAM around 2120 the then its PUL-2  around 2100.

My Plan

No change, my plan still is to open long positions in SPY.  I'm planning to open my first of three long positions in SPY sometime this week as SPX sells to tests its PUL-2 around 2100 sometime this coming week.

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.