Sunday, June 5, 2022

SGS Market Timer Is SHORT

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday Jun 03, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Mus



SGS Market Timer

As of the close of last Friday (6/3), the value of SGS was calculated to be -76 and the status of SGS changed from NEUTRAL to SHORT. 


S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  I expect the Fed to rush in to shore up indices once SPX starts to test 3550 - 3500 levels sometime in the next couple of weeks.


My Plan

I didn't close my SDS positions, and now with SGS being SHORT again, my plan is to say with my SDS positions.




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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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