SGS Market Timer Status: NEUTRAL
NEUTRAL as of the close of Friday July 16, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
The fear of another Covid spike and also the fear of high inflation pushed indices lower last week. There is a good chance that indices rally early this week to retrace back 40% to 60% of their decline and to test the newly formed PDL-1, shown above. A close above PDL-1 would signal a high likelihood of the resumption of bull rally.
SGS Market Timer
As of the close of last Friday (7/16), the value of SGS was calculated to be +36 and the status of SGS changed from LONG to NEUTRAL.
S&P 500 Support And Resistance Levels
My Plan
With SGS being NEUTRAL now, my plan is to close all my long positions sometime early this week.
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.
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