SHORT-TERM: CLUELESS
方向不明,看明天吧。大涨我就牛,下跌则继续熊。
SPY intraday看起来是整了个Symmetrical Triangle,因此可能明天早盘还有一冲。这一冲的幅度可能不会很大,因为QQQ看起来已经完成了3 push up,可能已经在2 leg down的途中了。
INTERMEDIATE-TERM: SPX NOW IN 1352 TO 1381 WAVE 5 PRICE TARGET AREA, WATCH FOR POTENTIAL REVERSAL
Maintain what I said in 05/06 Market Outlook. Need pay attention to the possibility that wave 5 ends while primary wave 3 sharply down has started. Still just an attention, not even a warning though.
SEASONALITY: BULLISH MONDAY, BEARISH FRIDAY
According to Stock Trader’s Almanac:
- Monday before May expiration, Dow up 19 of last 22, average gain 0.6%.
- May expiration day, Dow down 12 of last 20, average loss 0.2%.
For May seasonality day by day please refer 04/29 Market Outlook.
ACTIVE BULLISH OUTLOOKS:
ACTIVE BEARISH OUTLOOKS:
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST:
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- * = New update; Blue Text = Link to a chart in my public chart list.
- UP = Intermediate-term uptrend. Set when weekly buy signal is triggered.
- DOWN = Intermediate-term downtrend. Set when weekly sell signal is triggered.
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