SGS Market Timer Status: LONG
LONG as of the close of Friday Sep 6, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Chaos and uncertainty associated with impeachment and trade war with China is going to take its toll on indices, possibly starting on Monday.
SGS declined last week, signalling possible sell-off in coming weeks.
Support and resistance levels for SPX for this week are shown above.
LONG as of the close of Friday Sep 6, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Chaos and uncertainty associated with impeachment and trade war with China is going to take its toll on indices, possibly starting on Monday.
My Plan
No change since last week. I'm still sitting in cash and waiting for SGS to turn NEUTRAL and SHORT before opening short positions.
No change since last week. I'm still sitting in cash and waiting for SGS to turn NEUTRAL and SHORT before opening short positions.
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
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.
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.
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