SGS Market Timer Status: SHORT
SHORT as of the close of August 18, 2017
SGS is a Long-Term (weeks to months) Timer
SGS declined last week and closed below zero for the week. SGS is now "SHORT". Chances are high that indices start to sell off aggressively for the next couple of weeks.
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
SHORT as of the close of August 18, 2017
SGS is a Long-Term (weeks to months) Timer
SGS declined last week and closed below zero for the week. SGS is now "SHORT". Chances are high that indices start to sell off aggressively for the next couple of weeks.
SPX closed below its W-DTL (13 W-EMA) for the week which is quite bearish. Chances are high that SPX sells off for the next couple of weeks to test support, initially at its PUL-2 and ASL around 2370, and then should that support fail, at its 50 W-SMA around 2300.
My Plan
Per my plan, I opened my first position of two in SDS last week. My plan is to open my second SDS position when SPX rallies up to back tests its DTL.
Per my plan, I opened my first position of two in SDS last week. My plan is to open my second SDS position when SPX rallies up to back tests its DTL.
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.
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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