The New CS Board

[Oddlot]

$SPX trend status: I use two LT cycle directions to define whether in a trend or a trading range. The cycle direction is determined by taking a SMA of length 1/4 of the cycle length, drawing a trendline parallel to the steepest part of it, and sliding it against the price action. Violation indicates a turn in direction. The new trendline has zero slope and anchored against the prior extreme until the MA slope turns.

The 78 week cycle is up against a zero slope TL against the high 19 weeks ago with value 1422.38. The downtrend will flip to up on a close over that value.

The 39 week cycle has been up and would reverse on a close under approx 1375, which is not in danger.

The mkt is threatening a full blown uptrend. Like it, hate it, believe it or no, it is a factor.
I have approx a 2/3 unit of SDS with a moderate loss, and a belief we are going into the toilet. But stops are stops. The only difference between a closed account and a successful one is risk control. Commission cost is a nonfactor; fighting a trend can be fatal.

IMHO, be prepared to cover shorts. Going long is another topic totally.
GLGT
Oddlot