Trend Update - Short term trend change

These are the trends in various timeframes based on a objective trend identification methodology. No "If"s and "But"s are allowed.

LONG TERM

This controls the long term trends which runs for years, mostly good for investors. To me this is the timeframe which determines bull and bear markets.

Currently BULLISH
Will turn bearish approximately around 2500 level. Will publish the exact level, if and when we break 2500.

INTERMEDIATE TERM

This controls the medium term trends which run for weeks to a few months. Trading in the direction of the intermediate term trend offers the highest risk/reward and path of least resistance for short and medium term traders.

Currently BEARISH
Will turn bullish approximately around 2760 level. Will publish the exact level, if and when we break 2760.


SHORT TERM

This controls the short term trends which runs anywhere from 2 - 15 days. These signals can change quickly and for nimble short term traders.

Currently BEARISH

My short term trend turned bearish at SPX 2650 today. 

I tweeted the trend change before the market close today.

https://twitter.com/Trader_NAV/status/984873859752087552

I also tweeted the high possibility of strikes on Syria, before the market close

https://twitter.com/Trader_NAV/status/984879473123319809

It will be interesting to see where the futures opens on Sunday. Given the bearish short-term trend, i would not be surprised by a big gap-down.

Either way, i am looking forward to the end of this compression from hell and a good directional move to make some money next week. I am in fully in cash with no positions over the weekend.

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