SGS Market Timer Status: NEUTRAL
NEUTRAL as of close of 12/03/2015 RTS Current Portfolio (2015)
RTS Past Portfolios (2008-2014)
SPX tested its 200 D-SMA on Thursday and closed below it by more than 1%. At this point, chances are high that high volatility seen in the last few trading days continues this coming week.
For SPX, weekly immediate support zone is at 2040 - 2020 and weekly immediate resistance zone is at 2100 - 2110.
My Plan:
I am still in cash and planning to start opening long positions should SPX take out its all time high (2134.72) and close above 2150 or opening short positions should SPX close below 2020.
For SPX, weekly immediate support zone is at 2040 - 2020 and weekly immediate resistance zone is at 2100 - 2110.
My Plan:
I am still in cash and planning to start opening long positions should SPX take out its all time high (2134.72) and close above 2150 or opening short positions should SPX close below 2020.
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SPX: S&P 500 Index D-SMA: Daily - Simple Moving Average
DJI: Dow Jones Industrial Index D-EMA: Daily - Exponential Moving Average
DJT: Dow Jones Transportation Index PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index PUL: Primary Uptrend Line
RUT: Russell 2000 Index ADL: Active Downtrend Line
OEX: S&P 100 Index AUL: Active Uptrend Line
NDX: Nasdaq 100 Index DTL: Dynamic Trend Line
TUL: Tentative Uptrend Line TDL: Tentative Downtrend Line
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
SPX: S&P 500 Index D-SMA: Daily - Simple Moving Average
DJI: Dow Jones Industrial Index D-EMA: Daily - Exponential Moving Average
DJT: Dow Jones Transportation Index PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index PUL: Primary Uptrend Line
RUT: Russell 2000 Index ADL: Active Downtrend Line
OEX: S&P 100 Index AUL: Active Uptrend Line
NDX: Nasdaq 100 Index DTL: Dynamic Trend Line
TUL: Tentative Uptrend Line TDL: Tentative Downtrend Line
Disclaimer: The views expressed are provided for information 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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