Summary:
Two Major Distribution Days within 5 days usually mean more correction ahead.
VIX breakout, target could be around 37.50.
Could be a Head and Shoulders Bottom formed on the UUP chart.
Market is oversold. Expect a short-term rebound.
INTERMEDIATE-TERM: COULD BE MORE CORRECTION AHEAD
6.3.2b Major Distribution Day Watch,5天内2个Major Distribution Day,虽然意味着短期会有反弹,不过从图上看,more correction ahead,直到第三个Major Distribution Day出现后才有可能结束。
2.0.1 Volatility Index (Weekly),介是个clear breakout,综合起来的target,可能在37.5左右,介意味着大盘还要下跌。
3.1.2 PowerShares DB US Dollar Index Bullish Fund (UUP 30 min),可能是个Head and Shoulders Bottom,如果介样的话,米金还要涨,介对大盘不利。
2.8.0 SPX:CPCE,看起来应该算trend line没破,就是说top signal依然有效。牛牛的希望是看dashed trend line是否能hold,如果破了,至少说明介个图的top signal有争议。
SHORT-TERM: EXPECT A REBOUND
0.0.2 SPY Short-term Trading Signals,NYADV and NYMO的oversold还是比较准的,因此虽然Stick Sandwich意味着more correction,不过a day or two的反弹还是有可能的。
1.1.4 Nasdaq 100 Index Intermediate-term Trading Signals,NADNV too high。
1.0.2 S&P 500 SPDRs (SPY 60 min),俺的猜测是可能repeat上次ChiOsc介么低时的情况,周一稍稍下探后,反弹。6.3.2a Major Distribution Day Watch,统计上,周一有67%的机会收绿。
INTERESTING CHARTS:
俺把trend table里的setup又整理了一下,有兴趣的可以看看介里:Introducing Mechanical Trading Model。见trend table,ST Model officially是down trend了,不过俺的测试发现,马上就short的成功率并不高,所以现在还没有short信号。
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