Sunday, September 22, 2019

Indecision

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. 

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.
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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.