*Please make sure you understand how to use the table above. The purpose of this report is to provide info so contradictory signals are always presented.
SHORT-TERM: STILL EXPECT PULLBACK, NOT SURE WHEN AS THE MARKET MAY STILL HAVE A FEW DAYS UP
今天还是没啥好说的,maintain the forecast mentioned in 09/13 Market Recap: Expect a pullback, but it may occur after a few days small up or consolidation.
从下面的图看,so far符合a few days of consolidation的pattern。需要注意的是,consolidation后的突破是双向的,因此虽然看着像是八月的top,但也可能最终是向上突破,因此严格的讲,现在是方向未定。
1.0.1 S&P 500 SPDRs (SPY 15 min),可能是个Ascending Triangle,加上AH RIMM and ORCL的good ER,也许明天就突破向上,大涨特涨,如果真这样的话,熊熊要小心,a renewed up momentum同样不会只是一天的wonder。
下面的图我在09/14 Market Recap里展示过,明天又是个Fib 100% retracement in terms of trading days的机会,因此也有可能明天是top。只是说可能,I’m not sure。Anyway,不管明天是top也好或者大涨特涨也好,下一个potential pivot date就是09/21 to 09/23 time window了,关于为什么,周末的报告会解释。
INTERMEDIATE-TERM: BULLISH, BUT HOW BULLISH IS TO BE REASSESSED
See 09/10 Market Recap for more details.
SEASONALITY: SEPTEMBER IS BEARISH, THE TRIPLE WITCHING FRIDAY IS BULLISH
See 09/03 Market Recap for September seasonality.
Also according to Stock Trader’s Almanac, the September Triple Witching, Dow up 5 straight and 6 of last 7.
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
*LA = Lateral Trend.
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