SGS Market Timer Status: LONG
LONG as of the close of Friday August 16, 2024
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
SGS & SGS-ST Performance Data
SGS Market Timer
As of the close of last Friday (10/25), the value of SGS was calculated to be +141 and the status of SGS remains Long.
S&P 500 Support And Resistance Levels
The support and resistance levels for the current week in the SPX are shown above. In the week leading up to both elections with Trump on the ballot, SPX (Monday's Open to Friday's Close) dropped 2.1% in 2016 and 4.6% in 2020.
Israel’s actions this weekend align closely with the requests from Biden and Harris, even notifying Iran in advance, similar to Iran’s approach in their own alerts to Israel before attacks. Could this cooperation indicate something significant? Does Israel view Harris as the next U.S. President?
My Plan
No change since last week, for now I'm planning to stay in cash for the rest of the year.
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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
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.