INTERMEDIATE-TERM: LITTLE CRACK ON SOX AND TRAN BUT OVERALL IS OK
No update, keep eye on 4.0.3 Primary and Secondary Indices Divergence Watch, a little bit non confirmation on SOX and TRAN but not big enough to be a concern.
SHORT-TERM: STILL WITHIN A RANGE BUT CPCE ARGUES FOR A TOP NOW
0.0.2 SPY Short-term Trading Signals,还是range bounded,在突破之前,方向不明。不过,up day on decreased volume while down day on much more increased volume,感觉不是很好。
0.0.8 SPX:CPCE,trend line held for 2 days,应该是confirm top了。
1.0.7 SPX Cycle Watch (Daily),介个看起来也象是cycle top。
此外seasonality讲,明天是一月份最bearish的一天,只有30%的几率收绿。
结论就是也许可能大概more pullback ahead,俺不sure。
INTERESTING CHARTS: NONE |