Summary:
62% chances the SPX will close in green tomorrow.
Firework trading setup was triggered.
| Trend | Momentum | Comments - Sample for using the trend table. | |
| Long-term | Down | Idea for trading intermediate-term under primary down trend. | |
| Intermediate | Down | Neutral | Wait breakdown bellow SPX 878 to confirm sell signals. |
| Short-term | Up | Neutral |
Not much to say today. Ever after May the 1st, there’s no record for SPY being up 2 days in a row, so tomorrow will be the SPY’s last chance to break this curse. Will SPY be able to do so? Because CPC closed bellow 0.8 today, so according to 7.0.4 Extreme CPC Readings Watch, there’re 62% chances that SPY may close in green tomorrow.
7.3.2 Firework Trading Setup, CPC < 0.8 also triggered a “Firework” today. This setup worked pretty good so far.
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