I also completed my transition to 100% G today. Heavy resistance at SPX 2670-2700. History says a retest is coming, potentially could see a lower low. Next week is a huge week with FOMC, trade negotiations, and continued earnings. Also, all the delayed economic data caused by Govt shutdown should begin trickling out again, which I don't think will be good. Nobody can time/predict the market - my move is based on probabilities and my very strong belief that there is far more downside than there is upside to this market. If I am right, then I will begin scaling back in as we approach December lows. If next week's news causes the SPX to break to the upside through resistance then I will reconsider. If it breaks through the 200MA and consolidates above the 200MA then I will definitely move back in. Good luck all!
Ryan
While we are still clearly in a bear market, I am surprised at the strength being shown by the S fund based solely upon the Fed's recent pronouncements. Now that the Fed Govt has reopened, I'm still in a wait and see mode.
If the strength continues, then any downside should find support at 1275 (S fund) or 2600 (C fund).
A China deal could also boost the market.
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