$101 S&P 500 Index Trend Made Simple
1 $SPX - Monthly, 10 MA & RSI
The Intermediate Trend is identified by the Direction of the Slope of the Monthly 10 MA.
Change from Up to Down in Trend occurs with a Change in Direction of Slope after RSI has reached a level of Overbought (Above 70).
The Trend is Your Vehicle for Making Long-Term Gains & Insurance for Avoiding Large Losses.
In an Uptrend, one may take positions in VOO, VTI, SPY or any S&P Sector that is outperforming SPY.
In a Downtrend, one may take positions in money market or an ETF with a positive trend.
You can trade a counter trend position. With a counter trend position, place a protective stop order, which is insurance against large losses.
2 $SPX - Daily Candlesticks SMA`s & RSI
3 $BPNYA - Daily Chart with $SPX Background
IWM - Default Style
XLB - Daily
XLE - Daily
XLF - Daily
XLI - Daily
XLK - Daily
XLP - Daily