*Please make sure you understand how to use the table above. The main purpose of this report is to provide information so contradictory signals are always presented.
SEASONALITY: NO UPDATE
SPX TIME AND TARGET ANALYSIS: THE PULLBACK COULD LAST TO 05/23
See 05/10 Market Recap for more details.
INTERMEDIATE-TERM: 05/06 LOW WILL BE BROKEN BUT NO EVIDENCE SAYS THIS IS A START OF A NEW BEAR MARKET
See 05/07 Market Recap for more details.
WARNING: If you don’t understand the true meaning of overbought/oversold, please skip the session below. Generally, you should try your best not to trade against the trend. Trading purely based on overbought/oversold while against the trend is lethal to the health of your account. Before going further, please make sure you understand how to use the table above. SHORT-TERM: PAY ATTENTION TO 1-2-3 FORMATION SETUP
今天的下跌还不说明啥问题,market可上可下,虽然暂时还是维持expect the 2nd leg down的Forecast。
0.2.0 Volatility Index (Daily),VIX有点不好看,因为Hammer有60%的几率bullish reversal,这对大盘不利,当然要看明天是否confirm。
0.2.1 10Y T-Bill Yield,这个可能会有分歧,我个人觉得不好看,4 reversal bars in a row under important resistance。Yield如果跌的话,也意味着大盘会跌。别小看Yield图,我的经验,yield leads the market。
下面的图,有兴趣地看一下,因为我经常提到1-2-3 formation,所以提一下有关这个pattern的trading setup,不是说要你这么做,因为实在没啥好说的了,今天。
再看看今天的0.1.0 SPY Short-term Trading Signals,符合1-2-3 formation sell setup,所以break down below today’s low is a short,理论上哈。
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