Monday, May 25, 2020

Critical Week Is Ahead

SGS  Market Timer Status:  LONG 
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

sgs-st Market Timer Status:  long 
sgs-st is a Short-Term (hours to days) Timer


SPX is advancing to back-test its 200 D-SMA. A weekly close above 3000 would be bullish. Also a monthly close below its M-DTL (13 M-EMA) around 2930 would be extremely bearish.

SGS continued its advance last week and on Friday changed its status from NEUTRAL to LONG.
Support and resistance levels for SPX for this week are shown above.


My Plan
I'm in cash and planning to stay on the side line this week.


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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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