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发表于 2017-3-26 09:46 AM
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本帖最后由 newyorker 于 2017-3-26 09:49 AM 编辑
3/25/2017 Sp500 update
The sp500 index ran into a cross right now. The level 2335~2336 is the conjunction of running down channel of a uptrend trend line. Following is some technical indicators' observations:
50 days MA (2330.56) is just inch away from current level support: 2335
except the down channel and uptrend trend line, the index also runs within a small box [2335.74, 2358.92]
CCI and MFI indicates a little bit oversold
$NYMO happens some bottom divergence (not sure it has to work out, never use $NYMO bottom divergence before)
dollar weighted volume runs flat and down a little
the longer term trend line from 2016 Feb low 1810.1 and pre-election low 2083.79 are gradually merging with 200 days MA
http://schrts.co/Oo3ZmJ
In summary, the possible path of sp500:
the 50 days MA just below the current small scale trend line, the index may bounce from hitting the 50 days MA,
if yes, the resistance level 2358.92 if hold, the downside move will resume
if no, 50 days MA will acts as the major resistance
since wave 5-3-2 hitting the same trend line and 200 days MA, then started the wave 5-3-3, so this corrective wave 5-3-4 may behave the same way as wave 5-3-2, thus sp500 most probably will hit 2250~2275 area to touch the trend line and 200 days MA confluence, then start wave 5-3-5.
My personal opinion: since 50 days MA still pointing up , the first hit, it should hold, so still expect the 50 days MA bounce.
My personal opinion is not for investment purpose, but for education and illustration purpose. |
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