Short-term/Mid-term Top Approaching???

luckystar2006

I believe that those who are chasing after such new highs AT THIS MOMENT are likely not going to end well in short-term to mid-term time frame.  

Here is why:

1) Put/Call ratio is way too low

luckystar2006

2) Seasonality chart has been quite reliable for last 3-month, where it is getting bearish starting next week.

luckystar2006

3) Stat suggests bearish performance for market during summer for 2nd-term president election

luckystar2006

4) It is what it is

luckystar2006

5) Now, let's have a look at signals.  So far, the red signal has not been rolling over yet.   That might mean higher high ahead, but it's going to roll over at any time during next week.

风行过

thanks for updating!

五谷

rightonmoney

的确，之前没多仓，现在去追高的，分分钟回调就在水下了。

mojideheng

sorry

im fully positioned on the short side.....no extra cash to average down

coexist

X中国陆军

青影

novice_trader

赞！大高手！

wnd4

acoust

luckystar2006

One last post before doing ~2hr driving to Toronto to deal with some errands there.

To bears:  it's fair to say that there is a down gap tomorrow morning since we already had 6 consecutive up gaps (i.e. those red circles.)  However, I still believe there could be another leg up during early next week, which a black line signal from below chart (i.e. green circles) supports it because it's approaching bottom, should market drops during intraday trading hours tomorrow.

mojideheng

luckystar2006 发表于 2016-7-14 12:56 PM
One last post before doing ~2hr driving to Toronto to deal with some errands there.

To bears:  it ...

等老大再摔杯吧！

前面的兄弟不会白死的！

壮士断腕，熊心不死！  

tcm328pan

Thanks

xiaochong

too much gap not filled