I see a good chance a pullback tomorrow, details will be discussed in tonight’s report.
According to “N vs N” rule, bulls have spent 3 days, still couldn’t break above SPX 927, so this is still a sell-able bounce.
Some discussion in my Chinese forum about All Up Day today which if turned out to be true then we’d see a big down day tomorrow. But, sorry bears, the US$ missed by one point so strictly speaking, today is not an All Up Day. But, I think that the very essence of an All Up Day is still presented today: The market is more likely in a transition state when the normal inter-market relationships are totally out of order as we see today that commodity, bond, stock and US$ (well, missed one point) all rose. So although no good news for bears, but personally, I’m not convinced by today’s rally.
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