Sunday, June 25, 2017

Market Is On Razor's Edge

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of June 16, 2017
SGS is a Long-Term (weeks to months) Timer

SGS is below its DTL and things could get ugly next week.

Chances are high that we see a sell-off and test of PUL-3 sometime this coming week.

My Plan

I'm still 1/3 in long in SPY.  I am watching to see how SPX does if it sells off to test its PUL-3.

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: 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
TLR: Trend Line Resistance   TLS: Trend Line Support

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.