SGS Market Timer Status: SHORT
SHORT as of the close of Friday November 19, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Last Friday, SPX closed at a new all-time closing high while other major indices closed at lower highs. That "bearish divergence" by other major indices was especially pronounced in case of RUT, which in itself is even more bearish, signaling that the rally since early December lows is not sustainable. At this point, there is a good chance that Friday December 3 lows are tested this week and very likely fail.
SGS Market Timer
As of the close of last Friday (12/10), the value of SGS was calculated to be -132 and the status of SGS remains SHORT.
S&P 500 Support And Resistance Levels
My Plan
Per my plan I closed my long positions last Monday. For now, I'm staying in cash except for two small crypto 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.
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