SGS Market Timer Status: LONG
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
SGS declined all week, except for Friday. Indices are overbought and chances of a pullback are high.
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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
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
SGS declined all week, except for Friday. Indices are overbought and chances of a pullback are high.
Again, Q3 Earnings and outlook set the path forward for the rest of the year. Barring any major surprises, indices very likely continue their move substantially higher. Pullbacks from overbought condition should be bought.
My Plan
I'm still waiting for an opportunity to open my first (in SPY) long position of three. Hopefully, this coming week.
I'm still waiting for an opportunity to open my first (in SPY) long position of three. Hopefully, this coming week.
info@balancetrading.org
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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