SGS Market Timer Status: LONG
LONG as of the close of Friday Nov 6, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
On January 20, 2021, Biden will be the next POTUS. What Trump is doing now, after losing the election, is not any different from what he has done throughout his life. He is repeating a lie again and again until it's cemented as the truth in the minds of many. That has been and will continue to be Trump's MO.
Indices will continue to slowly grind higher until senate seat runoffs in Georgia are decided on January 5. If Dems manage to win both seats (very likely, imo), then indices would explode higher in anticipation of mother of all fiscal stimuli by Biden and Dems.
SGS Market Timer
As of the close of last Friday (11/20), the value of SGS was calculated to be +324. The status of SGS remains LONG.
S&P 500 Support And Resistance Levels
Support and resistance levels for SPX for next week are shown above.
No change, I'm 100% long for now.
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.