Summary:
Market not oversold yet, could be more downside ahead.
Could be a rebound at least tomorrow morning.
今天熊熊最大的收获:
0.0.2 SPY Short-term Trading Signals,Head and Shoulders Top confirm了,理论target是$81.04。
1.1.3 QQQQ Short-term Trading Signals,Double Top confirmed,理论target 32.7。
不过俺更看重1.0.1 Institutional Index (Daily)。下面的support非常重要,只有破了,才officially intermediate-term down trend confirmed。
那么,这根support会不会破呢?1.2.0 INDU Leads Market,INDU已经给出答案了,这就是说sooner or later SPX也会breakdown the support。
0.0.0 Signal Watch and Daily Highlights,信号的总体情况看一下,特别是short-term signal,由于NYADV and NYMO还没有oversold,因此the market not oversold yet。关于这一点,今天的Russell 3000 Dominant Price-Volume Relationship,1443 stocks price down volume down也说明了the market not oversold yet。
3.0.3 20 Year Treasury Bond Fund iShares (TLT Daily),看着像是Head and Shoulders Bottom确认的样子,因此bond会涨,这可能导致股市下跌。
综上所述,intermediate-term,俺认为也许可能大概more downside ahead。
Very short-term,明天至少早盘会反弹。
Short-term model from www.sentimentrader.com,oversold。
1.0.3 S&P 500 SPDRs (SPY 30 min),oversold plus lots of positive divergences。
2.0.0 Volatility Index (Daily),著名的VIX ENV10 overbought了。
3.4.2 United States Oil Fund, LP (USO 30 min),oversold plus lots of positive divergences。
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