Why I think there is more on the upside next week

luckystar2006 · 发表于 2016-1-21 09:39 PM

SPX seems to find some good supports underneath on weekly chart with MACD histogram pointing upward.

luckystar2006 · 发表于 2016-1-21 09:40 PM

This chart works so many times in the past.

luckystar2006 · 发表于 2016-1-21 09:40 PM

Pay attention to this VIX chart which I think it will break out next week, but I've no idea which direction yet.

luckystar2006 · 发表于 2016-1-21 09:40 PM

Visual trading is sometimes a good idea when there are so much confusions going on because it's what it's. What it is showing is that there isn't any trend reversal taking place yet because a) MAs are still in red and b) MACDs has never crossed above 0 since new year until now. So far, the force seems to be with bulls, but a short-term to mid-term uptrend won't happen until a) and b) turn bullish first.

Until then, I swing up and down on both sides with no intention to hold overnight.

georgeyn · 发表于 2016-1-21 09:44 PM

ysc · 发表于 2016-1-21 09:53 PM

源济 · 发表于 2016-1-21 10:43 PM

谢谢分享！

dsp · 发表于 2016-1-21 11:58 PM

luckystar2006 发表于 2016-1-21 09:40 PM
Visual trading is sometimes a good idea when there are so much confusions going on because it's what ...

均线好整齐。

lite1067 · 发表于 2016-1-22 01:20 AM

Everything is now aligned to support market to go up for now.

xiaoxiao08 · 发表于 2016-1-22 06:30 AM

luckystar2006 · 发表于 2016-1-22 09:19 AM

wow.... first time to see this (white circle) since new year

luckystar2006 · 发表于 2016-1-22 11:12 AM

5-minute chart update: both intraday bulls & bears are at risk. A break below concrete floor means more on downside. A reversal from here might allow market to re-test its' previous high.