SGS Market Timer Status: NEUTRAL
NEUTRAL as of the close of Thursday December 23, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Last Thursday, SPX closed at a new all-time closing high, bullish. It also tested its ARL overhead but failed to close above it, bearish. This week SPX could continue to go higher to new all-time highs and beyond. It could also sell off to test is ASL. It's 50/50.
SGS Market Timer
As of the close of last Thursday (12/23), the value of SGS was calculated to be -13 and the status of SGS changed from SHORT to NEUTRAL.
S&P 500 Support And Resistance Levels
My Plan
With SGS being NEUTRAL, my plan is to close my short EFT positions sometime this week.
Merry Christmas & Happy Holidays
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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