*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: A LITTLE BIT BEARISH BIASED
我看到的bearish signal比较多,不过并没有什么decisive的,因此我目前只能说bearish biased,特别是1.0.0 S&P 500 SPDRs (SPY 60 min),看着像是breakdown then kiss channel goodbye,因此明天弄不好会继续跌。
SPY在3天内整了2个bearish reversal day (open high then higher high but eventually close in red). Short at today’s close, cover 3 days later since year 2000 (plus 2 additional conditions: RSI(2) 3 days ago > 75 and MA(20) up meaning the reversal days happened on an uptrend) ,看起来短期熊熊有点edge。
如果对照SPY daily图,看看图中标明的所有日期以后都发生了啥的话,可以发现,至少都是在短期顶部附近。下图是最近的5个case的情况。
Follow up一下昨天提到的top signal:0.0.2 Combined Intermediate-term Trading Signals,trend line breakout今天算是confirm了。
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
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