*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: MOSTLY THE MONTH’S LAST TRADING WEEK WAS RED SINCE AUG 2009
见下图,非常有趣,好像自2009年8月起,基本上每个月的最后一周都red。
尤其是最后2天。还记得这个setup吧?
CYCLE ANALYSIS: THE NEXT IMPORTANT DATE IS 05/06
See 04/16 Market Recap for more details. Please don’t read too much into cycle analysis, all I know is that the next potential turn date is 05/06 (+-) which could either be a top or a bottom depending on how the market marches to that date.
INTERMEDIATE-TERM: EXPECT ROLLER COASTER AHEAD
See 04/16 Market Recap for more details.
SHORT-TERM: EXPECT A NEW HIGH AHEAD BUT COULD BE A RED WEEK THE NEXT WEEK
先说好消息,0.2.3 NYSE McClellan Oscillator,下面的NYHGH (NYSE New 52 Week Highs) new high了,这意味着SPX will have a new high ahead。见下面的图,看看过去的例子,虽然NYHGH very high后第二天红多绿少,但是一般NYHGH要形成negative divergence以后,SPX才有可能top,换句话就是说,既使下周一大盘就pullback的话,此后应该会反弹至new high (只有这样NYHGH才有机会形成negative divergence)。
4.1.0 S&P 500 Large Cap Index (Weekly),上面说到SPX new high,我猜,Fib 61.8% at 1228的可能性很大,已经没有多远了。不过见红色竖线(PPO(1,40,1)),每次SPX过于远离MA(200)的时候,好像next week都red了。combine上面seasonality session提到的mostly every month’s last trading week was a red week since Aug 2009,因此下周red的可能性还是比较高的。
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