SGS Market Timer Status: LONG
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
China wants the U.S. to scrap tariffs imposed since 2018, with a December 15 deadline looming on a 15 percent tariff hike on "another $160 billion of goods." But the two sides can't even agree on where a deal signing should take place. I have no idea what will happen but without a deal indices very likely sell-off.
Support and resistance levels for SPX for this week are show above.
SGS-ST changed its status to neutral on Tuesday. I closed my one position in SPXL. I'm watching SGS-ST.
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
China wants the U.S. to scrap tariffs imposed since 2018, with a December 15 deadline looming on a 15 percent tariff hike on "another $160 billion of goods." But the two sides can't even agree on where a deal signing should take place. I have no idea what will happen but without a deal indices very likely sell-off.
SGS advanced last week, confirming all-time highs for DJI, SPX, NAZ, OEX, and NDX. That is bullish and signals the rally very likely continues if a trade deal is reached with China.
My Plan
SGS-ST changed its status to neutral on Tuesday. I closed my one position in SPXL. I'm watching SGS-ST.
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
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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