*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: JULY IS THE BEST PERFORMING DOW AND S&P MONTH OF THE 3RD QUARTER
See 07/02 Market Recap for more details.
INTERMEDIATE-TERM: REBOUND (IF ANY) THEN MOST LIKELY THERE’LL BE A 2ND LEG DOWN
See 07/02 Market Recap for more details.
SHORT-TERM: INITIAL TARGET 1075ISH, TIME TARGET AROUND 07/12
反弹结束了没有?很大可能没有。因为反弹的幅度和时间都还不够。
先看幅度。见下图,蓝线是最近3波主要下跌的幅度,可以看到,从154到133再到120,下跌的动能在逐步减小,因此有理由相信,这次反弹的幅度应该大于前三次反弹的幅度。最差最差也该跟前三次反弹中最小的那个幅度相当吧?见黑线,最小的一次反弹是64点,而我们现在总共反弹了49点,所以应该还有点上升的空间,对吧?
再看时间。见下图顶上的红圈圈,前三次反弹历时最短的也是5 trading days,而我们目前的反弹才持续3 trading day,因此,至少还有2 more days,是吧?
以上综合起来,加上multiple Fib confluences area,这样最保守的反弹target应该是1075ish,时间则维持我一直说的07/07 to 07/11,因为07/11是周末,所以可能是07/12的样子。下面的图,07/02 Market Recap里提过,还没有忘吧?SPX表现出惊人的对称性,因此下一个重要的时间点应该是07/12附近。
最后再提醒一下接下来几天的seasonality,都比较bullish。
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST *DTFMS = Dual Time Frame Momentum Strategy. The signal is given when both weekly and daily STO have the same buy/sell signals. Use it as a filter, don’t trade directly.
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