Sunday, November 20, 2022

SPX Is On A Razor Edge

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday November 4, 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 (11/18), the value of SGS was calculated to be -111 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.  SPX is on a razor edge and could tilt substantially higher or lower.  A breach of ASL would signal more selling to test TUL and SPX 3500.  A beach of ARL would signal further advance to test PDL-1 around SPX 4100 and 61.8% Fib. retracement around SPX 4300.

My Plan

I am 95% in cash and planning to wait to see what SPX does this week.


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

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.