SHORT-TERM: A LITTLE LITTLE BEARISH BIASED
QQQ看着还是很清楚是Bear Flag,所以我认为今天的反弹仅仅是反弹而已,应该还没有跌完。
另一种可能性是由于SPY daily看起来还少了一个push up,既所谓的3 push up,因此我不能排除这里反弹直接去新高的可能性,所以操作上,明天大涨特涨的话,我就叛变做牛牛了。
下面的图正好举例说明3 push up后的2 legged down。现在当然还不好说是否2 leg down结束了,但是要小心Bull Flag的可能性,UUP调整结束后回复升势的话,将对股市不利。
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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