Sunday, April 26, 2020

Don't Know Where Indices Are Heading

SGS  Market Timer Status:  SHORT 
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

sgs-st Market Timer Status:  Neutral 
making changes to sgs-st
sgs-st is a Short-Term (hours to days) Timer

I don't know where indices are heading.

SGS continued to advance higher everyday last week, signaling that a bottom was reached on March 23 for major US indices. 
Support and resistance levels for SPX for this week are shown above.  


My Plan

On Friday I closed my SDS positions. I don't where indices are heading. I'm going to remain on the sideline for now.


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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.
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