$101 S&P 500 Index Trend Made Simple
1 $SPX - Monthly, 10 MA Slope = Intermediate Trend, RSI Below 30 Oversold
Slope of Monthly 10 MA Identifies the Intermediate Trend.
The Trend is Your Vehicle for Making Long-Term Gains & Insurance for Avoiding Large Losses.
In Uptrend, one may take positions in SPY and any S&P Sector that is outperforming SPY.
In 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