Sunday, August 28, 2022

A Test Of June Low Is Likely

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday August 19, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (8/26), the value of SGS was calculated to be -161 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.  A test of June low (3636) is likely at this point.


My Plan

Per my plan, last Monday I closed my SSO position (with a loss) and opened a new position in SDS.  I am planning to add to my SDS position sometime this week.




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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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