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
SGS remained unchanged last week, signalling indecision and confusion about the future direction of indices.
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
My Plan
I'm still sitting in cash and waiting for indices to lead. Except for an "interim China trade deal", which is very unlikely anytime soon, I see no catalyst to push indices higher. There are no shortage of catalysts, however, that could push indices significantly lower.
I'm still sitting in cash and waiting for indices to lead. Except for an "interim China trade deal", which is very unlikely anytime soon, I see no catalyst to push indices higher. There are no shortage of catalysts, however, that could push indices significantly lower.
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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