小高开,应该会补吧,介是SPY的第11个空了,那么小,不补没意思哈。
Over the last two years, Fed days have typically been positive for the S&P 500. On the day, the
index has averaged a gain of 1.48% with positive returns 75% of the time. The first half hour
and the two to three o’clock hour have been the most positive, with average gains of 0.5%.
The last hour of the trading day is the only hour where the S&P 500 has averaged a decline
(-0.17%). In terms of consistency, the ten to eleven o’clock hour has seen gains 88% of the
time, while the final hour has seen gains less than 40% of the time.
Chart B: Liquidity Inflows and Outflows
Liquidity inflows are critical to the market's action. If indicators are weakening while Liquidity is flowing in, then the liquidity inflow will take precedence and hold the market up. Liquidity inflows had an up tick while in extreme high territory. This remains a very high reading, so we could see some unusually high volatility in the markets when profit taking starts to come into play. (Very high readings are bullish.)
Chart C: Institutional Accumulation/Distribution
The Institutional Investors were in Accumulation with the Buy/Sell spread increasing. Institutional buying increased, and Institutional selling decreased. Note that Institutional Buying still has a Negative Divergence between the August peak and yesterday.
*** Conclusion on the above charts A to C: Liquidity is still flowing in at high levels, so the run-up is still being fed. The major indexes are showing MACD negative divergences building which have been offset by very high short term RSI readings. Conditions are still net positive with the market entering a phase where it is notably overvalued and overbought.
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