SGS Market Timer Status: NEUTRAL
NEUTRAL as of the close of Friday May 27, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
From the LOD on Friday May 20 to the HOD last Friday, SPX rallied 10% on the back short-covering and dip-buying. Last week's rally was impressive but bear market counter-trend rallies are usually impressive. For example, SPX rallied 24% in three trading days (Fri 10/10/2008 LOD to Tue 10/14/2008 HOD) in the middle of 2008 crash.
SGS Market Timer
As of the close of last Friday (5/27), the value of SGS was calculated to be -22 and the status of SGS changed from SHORT to NEUTRAL.
S&P 500 Support And Resistance Levels
My Plan
My plan is close my SDS positions sometime 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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