*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 BULLISH ON JUNE TRIPLE WITCHING WEEK
See 06/11 Market Recap for more details.
INTERMEDIATE-TERM: BULLS HAVE HOPES BUT STILL SOME BEARISH PUZZLES UNRESOLVED
See 06/11 Market Recap for more details.
SHORT-TERM: CHART DOESN’T LOOK GOOD
今天的图不好看,open high then went higher high but eventually closed in red, forming a so called Bearish Reversal Day。看一下过去SPY形成Bearish Reversal Day后的情况(红箭头)。短期pullback或者consolidation后再pullback的几率比较大,是吧?这样的图今天有很多,有兴趣地还可以换个角度看看其他的图,比如:0.2.0 Volatility Index (Daily) and 0.2.1 10Y T-Bill Yield。
虽然理论上,短期应该对牛牛不利,不过今天的After Bell Quick Summary提到了最近的cases,收盘前sell off的,第二天都是huge huge gap up。现在唯一的问题是,第三次,是否牛牛还有这样的运气?
结论,就是technically,对牛牛不利。不过牛牛似乎有老天保佑,最近所有的weakness都被买起,所以全看明天牛牛的Guardian Angel是否又会来了,熊熊现在还不是开香槟的时候。
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