SHORT-TERM: COULD SEE MORE NEW HIGHS AHEAD
All I wanted to say today are already in 04/26 Trading Signals, chances are higher that we’ll see a green tomorrow. Also, since there’s no RSI negative divergence yet on 1.0.0 S&P 500 SPDRs (SPY 60 min), so we could see more new highs ahead.
If up huge again tomorrow, bulls may need take some profits because the T2122, my ultimate weapon for monitoring overbought/oversold conditions are close to an extreme level. I’ve mentioned in 04/06 Market Recap that nowadays it’s more and more difficult for T2122 to reach the same extreme level like before so a little higher than that of 4/06 high should be enough to raise a red flag.
INTERMEDIATE-TERM: SPX TARGET 1352 TO 1381
See 04/21 Market Recap for more details.
SEASONALITY: BEARISH MONDAY, THURSDAY AND FRIDAY, BULLISH WEDNESDAY
See 04/21 Market Recap for more details.
ACTIVE BULLISH OUTLOOKS:
- 09/27 Market Recap: 9 POMO within 20 trading days means 14%+ up in 3 months.
02/23 Market Recap: Pullback could last 4 weeks, then 02/18 highs will be revisited.- 03/11 Market Recap: Bullish in 3 to 6 months.
- 04/01 Market Recap: Bullish April.
ACTIVE BEARISH OUTLOOKS:
03/18 Market Recap: 03/16 lows will be revisited.Failed!- 04/21 Market Recap: SPX will at least close below 04/20 close.