Sunday, June 23, 2019

Iran War? For Warmongers It's Now or Never

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Jun 14, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

It's now or never for those who are pushing for a war against Iran, namely Neocons in DC, the Israeli right, Kushner,  MBS and MBZ.  Trump, for his own self-serving reasons, is against any military action but war mongers are scheming now so that a strike against Iran becomes inevitable.  I expect something major happens soon.

SGS advanced last week and confirmed new the new all-time high for SPX.

Support and resistance levels for SPX for this week are shown above. 

My Plan

Per my plan I closed my SDS positions.  I'm in cash and watching to see what happens in the Middle East.  If there is a massive strike against Iran, Iran would surely strike back and hit US, Arab, and possibly Israeli targets.  What happens after that and how we or Israel respond could bring on an all out war in the Middle East for many years to come with direct or indirect involvement of Russians and Chines.

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    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance 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.