*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: THE LAST TRADING WEEK OF RECENT MONTH WAS GENERALLY BEARISH
See 07/23 Market Recap for more details.
INTERMEDIATE-TERM: KEY WEEK THIS WEEK
Key week this week, as multiple pivot dates are due until 08/03. The market may turn down on any of those pivot dates to at least test the 07/01 low. However if the market simply keeps rising during this time window, then most likely the same March 2010 mad cow is back. See 07/23 Market Recap for more details.
SHORT-TERM: KEY DAY TOMORROW
今天没啥好说的,看下面的图,如果明天大涨,则mad cow ahead,如果明天是Doji或者下跌,则pullback已经开始了。至于这个pullback是start of a 2nd leg down,还是短期回调,则要看回调的强度再说。所以,看明天吧。
下面的图是自2009三月以来所有SPY Bearish Reversal Day的情况,从图上看,还从来没有过2 Bearish Reversal Day failed in a row的情况,因此今天的Bearish Reversal Bar感觉不是很好。
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
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