A simple 12 period ma on monthly close on SPX has been a great long term switch.
Only 3 on the chart and the great thing was each was close to the ma so no big counter move risk.
Not much room this time, so a break or no?
Can't always be this neat and a whipsaw must come some time.
Perhaps if I get my August 8 low of 99 up 56 down or 155 from low to low, we can get a bounce into Sep before the real rot sets in and yet not violate the ma on a close basis.
Interesting we had a low of 666 and last weeks low was 888. Maybe we even see 999 intra month some time.
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