*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
今天没有什么好说的,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,consolidation under an important resistance (red horizontal line),最终向上突破的可能性大,尤其是现在大有机会明天早上轻松gap up过resistance。不过还是老话,除非大涨特涨,否则图中的negative divergence只会由于明天的breakout而变得much larger,最终还是要由较大幅度的下跌来修正的,此外不要忘了,明天gap up unfilled的话,将是the 18th SPY unfilled gaps,算平了历史纪录了。
下面的图看一下,a little divergence between VIX and SPX again,这次的比前次的还要大点,是不是意味着trend change?No idea yet,因为不知道是不是跟周五的Triple Witching有关,看看再说吧。
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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