Watch for SPX drop on Oct 12/13, 2015

austinjoe

The strong rise of SPX from 09/29/2015 low 1872 till last Friday 10/09/2015 2020 finally makes a 2 中枢上涨趋势, and since last Friday it's in the 背驰段. It could end early next week -- Oct 12/13, 2015 if the coming SPX rush up can't match the strength of last rise to 2020. Same story for XLE, 2 中枢上涨趋势背驰段.

中枢 Format DD,[ZD, ZG], GG:  

SPY 197.0, [197.48, 198.98] 199.83, 10/09/2015 SPY low 200.58 is 3rd Buy point to end it. If SPY < 203.48 on Mon or SPY < 205.00 on Tues, SPY will drop toward [197.48, 198.98] area normally with 199.83 as minimum target. In case SPY drop to [197.48, 198.98] zone and bounce back could not touch 200.58, it's a 2rd & 3rd Sell point.

XLE 66.7, [66.75, 67.74], 68.94, lasr Friday low 68.51 is 3rd Buy point to end zone. If XLE < 70.62 (Mon) or XLE < 71.48 (Tues), XLE will drop toward [66.75, 67.74] area normally with 68.94 as minimum target. If drop hard and could not bounce back above 68.51, 2rd & 3rd Sell point will pop up.

For safe play, look for 顶分型 and close < 5 Day SMA to short.

bucks

littletiger

no pic no truth

葡萄柚

Thanks

georgeyn

wreckbeach

期待中。

老大能上图说明吗？

Rosie22

捷思

austinjoe

XLE ends its 2 中枢上涨趋势 and drop to 67.44 then bounce back, watch 68.51 tomorrow as it could server as 2rd & 3rd Sell point.

SPX still within 背驰段, if it could not rise stronger then Oct 8, 2015, then it will end 2 中枢上涨趋势 just like XLE.

georgeyn