Sunday, September 13, 2020

A Critical Week Is Ahead

 SGS  Market Timer Status:  NEUTRAL 

NEUTRAL as of the close of Friday Sep 4, 2020
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Indices seem to be waiting for a catalyst to push them higher or take them lower.  At this point, chances of a catalyst to take indices lower are high.

SGS Market Timer

As of close of Friday, the value of SGS is +48.  SGS status remains NEUTRAL.

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

My Plan

I'm watching indices and letting them lead.  I will adjust my positions as needed.


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.