SHORT-TERM: THERE’RE SOME CHANCES THE HIGH WAS IN
There’re some chances the high was in. Need chart pattern to confirm of course, so that’s why I said there’re some chances, as I’m not sure yet.
Two reasons:
- 0.3.0 CPCE Trend Line Watch, trend line broken and held for 2 days so the high might already be in. Those who follow my blog for a long time should know, this is a very reliable top signal.
- 1.1.1 PowerShares QQQ Trust (QQQQ Daily), seems like all the recent hollow red bars were the tops.
INTERMEDIATE-TERM: BULLISH JULY
See 07/01 Market Outlook and 07/05 Market Outlook for more details.
SEASONALITY: BEARISH FRIDAY BUT BULLISH WHOLE WEEK
See 07/22 Market Outlook for more details.
Also see 07/01 Market Outlook for July seasonality chart.
ACTIVE BULLISH OUTLOOKS:
- 07/01 Market Outlook: Bullish July. Also one more evidence in 07/05 Market Outlook.
- 07/07 Market Outlook: New NYHGH high means SPX higher high ahead.
ACTIVE BEARISH OUTLOOKS:
- 07/20 Market Outlook: Multiple evidences arguing for more pullbacks ahead.
- 07/22 Market Outlook: Bearish on AAPL, therefore QQQ as well.
SUMMARY OF SIGNALS FOR MY PUBLIC CHART LIST:
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