The bottom line, the short-term trend is down. But my short-term model did nothing today. On a little bit longer term, there’re some chances that the market has bottomed but I certainly doubt, if indeed, how far bulls can go. Overall, I’m leaning toward the bear side but I need dig more in the weekend to see if I could find something to upgrade myself into a real bull or bear.
For the next Monday, I’m a little bit bullish biased, because when both VIX and SPX closed in red, there’re 74% chances a green day the next day.
And probably, the bullish Monday still works.
Enjoy your weekend!
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