Sunday, December 26, 2021

SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Thursday December 23, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Last Thursday, SPX closed at a new all-time closing high, bullish.  It also tested its ARL overhead but failed to close above it, bearish.  This week SPX could continue to go higher to new all-time highs and beyond.  It could also sell off to test is ASL.  It's 50/50.

SGS Market Timer

As of the close of last Thursday (12/23), the value of SGS was calculated to be -13 and the status of SGS changed from SHORT to NEUTRAL.

S&P 500 Support And Resistance Levels

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

My Plan

With SGS being NEUTRAL, my plan is to close my short EFT positions sometime this week.

Merry Christmas & Happy Holidays


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.