SGS Market Timer Status: SHORT
SHORT as of the close of Friday January 7, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
I am not a Russian or Ukrainian expert but it seems to me that Putin is bluffing about going into Ukraine and the West has called his bluff. So now he has three options: (1) fold and back off, (2) invade, or (3) do little incursions here and there (Donbas region) but keep full invasion option on the table. I think Putin very likely does the third option and the standoff continues for a while. If Putin actually invades, indices would take a leg down and SPX could drop another 5% to around 4000.
SGS Market Timer
As of the close of last Friday (2/18), the value of SGS was calculated to be -645 and the status of SGS remains SHORT.
S&P 500 Support And Resistance Levels
Support and resistance levels for SPX for this week are shown above.
For now, I am planning to stay with my long 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
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.