I have to leave earlier today so cannot wait until all data being collected. As far as I can see, very short-term is very overbought plus seasonality wise the following several days are not so “bull friendly”, so I see good chance a pullback tomorrow.
Intraday model from www.sentimentrader.com:
Seasonality from www.sentimentrader.com:
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Except that INTC and YUM are blowing away expectations, so I guess we're back to buying the dips rather than fading the bounce.
ReplyDeleteHead & Shoulders pattern is breaking down. Even though S&P 810-825 would've been healthy for bulls and bears, we not likely going to see it.
thx. ding
ReplyDeleteVIX is oversold on the daily ENV10 chart. Another sign SPX will pullback?
ReplyDeleteS&P is forming 2 RS which was missing. I think we S&P rally to 912 or worse case scenario 915 before the pullback starts...
ReplyDeleteVIX env 10 does not have edge recently if you are looking for short term. bollinger band 10,20,0 may have more edge and it is not oversold yet.
ReplyDeleteWhy does aFei say "thx. ding" everyday. That is ridiculous. Is he a trading idiot?
ReplyDelete