Sunday, September 23, 2018

Rally In Major Indices Is Not Sustainable

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Aug 24, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Again, I am not sure where indices are heading. DJI and SPX put in new all-time high as the broader market deteriorated.  That's not healthy at all.

SGS declined last week but still in LONG territory.

Supports and resistances for SPX for the upcoming week are shown above.  

My Plan
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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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