OUTLOOK FOR S&P 500 ON WEEKLY CHART

HERE IS A PICTURE OF THE SPY ON A WEEKLY CHART. CLICK ON THE PICTURE TO ENLARGE IT AND READ THE TEXT ON THE PICTURE.

I SEE THE SPY IN "NO-MAN'S LAND" BETWEEN THE 50 AND 200 DEMA ON A DAILY CHART. SO THIS MEANS THAT ANY POSITION SHOULD BE TO THE DOWNSIDE UNTIL IT NEARS THE 200 DEMA.

MY PLAN: SHORT THE MARKET. ADD MORE SHORT POSITIONS WHEN THE 50 DEMA IS MET ABOVE THE CURRENT PRICE.

PLAN ON TARGETING THE 200 DEMA ON THE DOWNSIDE FOR PROFIT. STOP LOSS IS GOING TO BE $0.25 ABOVE THE MOST RECENT HIGHS.