Nice! Looks like market is still in uptrend as majority of long targets reached within a day or two. It took MM way less efforts to pumping up the markets than pushing it down.
littletiger 发表于 2020-6-21 10:47 AM
6/16 commentary: Daily chart is still in downtrend; but it is on the edge to change back to uptr ...
"now look at the chart on 6/19: It suggests more choppy market ahead. very likely SPX will go down first to test supports of 3070 - 3040 - 3000
also, VIX chart has some sign of warning but not confirmed yet"
Market did go down to break 3070 and then all the way to 3000 on 6/26 as I suggested on 6/21.
Now, looking at today's close (6/26/20) below, it shows both daily and hourly are in clear downtrend. Uptrend won't resume until 3040-3060 resistance is taken out. So, overall, I expect to see more down side first before rally. Also VIX is in uptrend; But volume indicator shows some positive but weak sign. (Not shown here). supports (might be targets) are 2975-2950 on the hourly chart and 2900-2800 on the daily chart. So, one possible path is that it tests the hourly supports and then rally to test 3050 resistance in the next 1-3 days.
note on how to read the chart:
An up/down trend is determined by the color of both Bar and Lines in the chart. So, when both bar and lines are in red(green), it is in downtrend(uptrend); otherwise, when signals are mixed, don't do anything but follow the trend at a larger time scale. Also, the lines show where are the resistance vs. support.
狗仔卡
发表于 2020-6-25 02:24 PM
发表于 2020-6-25 10:57 PM
