SHORT-TERM: IN WAIT AND SEE MODE
今天的报告一定要搞清楚time frame,可能比较绕,所以先简单的总结一下,就是:
- 大大方向,是否这一轮上涨仅仅是个反弹,要看明天是否继续跌以造成足够的price overlap。
- 大方向,可能还有的涨,因为目前还不能排除SPY 60 min图上是个Bull Flag的可能。
- 小方向,就是明天,早盘可能继续跌或者低开,但是最终不一定收红。
今天的下跌并没有形成足够的price overlap,所以还得看明天。此外,既使明天又继续跌,证明这一轮上涨仅仅是个反弹,也不能说明大盘马上就要去测试8月9号的lows,因为只要明天不是跌得很厉害,60 min图看着就是个Bull Flag,因此不能排除大盘还有一攻的可能性。
那么,明天会不会继续跌呢?可能,因为15 min图上形成了一个Double Top,所以可能明天早上会继续跌。但我不确定最终是否会收红,因为seasonality,Labour Day前一天收绿的可能性很大,且明天是Non Farm Payroll day,有60%的几率收绿。
关于明天的Non Farm Payroll day,Intaday pattern,我讲过很多遍了,就是一般会高开低走,或者低开高走,以目前的情况看,可能更是如此,因为明天数据不好,低开后,大家会想到QE3而上涨,明天数据好,高开,大家可能会想到QE3没有了而会下跌。下面的图来自Bespoke。
INTERMEDIATE-TERM: SPX DOWNSIDE TARGET IS 1,000, THE CORRECTION COULD LAST 1 TO 2 MONTHS
See 08/19 Market Outlook for more details.
SEASONALITY: BEARISH TUESDAY, BULLISH THURSDAY
According to Stock Trader’s Almanac:
- August’s next-to-last trading day, S&P up only twice in last 14 years.
- First trading day in September, S&P up 11 of last 15, back-to-back huge gains 1997 and 1998, up 3.1% and 3.9%.
Also please see 07/29 Market Outlook for day to day August seasonality chart.
ACTIVE BULLISH OUTLOOKS:
ACTIVE BEARISH OUTLOOKS:
SUMMARY OF SIGNALS FOR 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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