Market Timing

[gfp927z]

S+P 500 trading strategy -

Chart support levels -

1st Support - 4305 (Aug '22 high)

2nd Support - 4275 (early June trading range) (or 4250-4300 zone)

Key Support - 4200 (the rising 50 MA, and is also the top of the ascending triangle which formed over last 6 mos, from which the recent breakout started)


Strategy - I'm hoping for a re-test of the 50 MA in the weeks ahead. So a possible re-entry for the Flex portion of the stock allocation. Alternately, may use a gradual averaging in strategy once the S+P 500 drops into the 4200-4275 zone. In a few week the rising 50 MA should be in the 4250 area. The 50 MA is the key target to watch in the near/mid term.

All IMHO :o)



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