Not so fast…I guess
June 11, 2017
Market went to New high but quickly sold off on Friday, surprised? Not really. If you take a look “Price Observation” section , you will easily have some idea why market stopped around 2445 area…because there is cluster of resistances around 2442-2444.25. Market should pull back at least 10 points from this cluster. Meanwhile, if you look at “Time Observation” section, you should notice the weakness on 6/9. So based on above observations, market should stop and make some sell off on 6/9/Friday. No surprise. Of course, you always should use STOP for shorting the index in case..always have a PLAN B.
So what ‘s next?
First, amazingly, XLF played the ” catch up” game…so bearish mood is gone. the divergence I mentioned last post was gone.
Second, there is bullish tendency on NYA50R:
Meanwhile, from SPX chart, there is support around 2415-2420 area:
In addition, according “Time Observation”…we have tendency to make bottom around here and go up again until 6/14/or 6/15.
So my best guess will be make a bottom around Monday and then we will go up again into FOMC.
Have a great weekend! |
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发表于 2017-6-12 08:30 AM
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发表于 2017-6-12 08:58 AM
