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 BULLISH

My short term trend turned up at SPX 2651 today. It's buy-the-dips mode now.

Just to give you an idea of the kind of short-term reversals over the last few days, there was an island reversal in the S&P to the upside on Apr 3, island reversal to the downside on April 4, Island reversal to upside on Apr 5, Island reversal to downside on Apr 6 and an Island reversal to upside on Apr 9.  Wow !

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