*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. *DTFMS = Dual Time Frame Momentum Strategy. The signal is given when both weekly and daily STO have the same buy/sell signals. Use it as a filter, don’t trade directly.
SEASONALITY: A LITTLE BIT BEARISH BIASED THE NEXT WEEK
See 06/04 Market Recap for more details.
INTERMEDIATE-TERM: PULLBACK TARGET AROUND 1008 TO 1019, TIME TARGET AROUND 06/11 TO 06/14
See 06/04 Market Recap for more details.
SHORT-TERM: WATCH SPX 1105ish
今天还是没啥说的,暂时没有方向。因为今天是Major Accumulation Day (NYSE Up Volume to NYSE Down Volume ratio > 9),所以明天多半是小棒棒,这样就要到下周才能决定方向了。提醒大家一下,不要忘了06/11 to 06/14的time window (See 06/04 Market Recap for more details),目前看起来,可能是cycle top。
下面的图应该总结了我对大盘的看法:
- SPX 1105ish是key,向上突破则是Double Bottom,target 1170,冲不过去,下测1040,则破的可能性很大,因为the 3rd time is the charm。
- 我一直不sure大盘是否到底的两个原因,下面也列了,一是没有capitulation volume,二是NYMO missing positive divergence (see 06/09 Market Recap for more details)。
- 目前整体形势对熊熊暂时有利。Table above还没有buy signal,因此trend is down,理论上还是应该尽量sell bounce。此外,从图上看1105是heavy resistance,不是那么容易就能冲过去的。
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