Summary:
No clue tomorrow.
| Trend | Momentum | Comments - Sample for using the trend table. | |
| Long-term | Down | Idea for trading intermediate-term under primary down trend. | |
| Intermediate | Down | Neutral | |
| Short-term | Down | Neutral |
The rebound today was much weaker than I’d expected. We can use 7.2.0 Small Body Bar Trading Rule as an example to see what’d happen after a small body bar formed like today. Well, it doesn’t tell much about tomorrow does it? So I have no clue tomorrow.
1.1.3 QQQQ Short-term Trading Signals, the NAADV at bottom is oversold so QQQQ has better chances of further rebound tomorrow.
7.6.1 SPX Cycle Watch (60 min), I’ve mentioned a 7 trading day cycle in After Bell Quick Summary. This is a longer history chart which we can clear see that every time the blue cycle line was hit the market changed directions. Now the market hit the blue line again and since we had an up day today, so it could mean a down day tomorrow.
7.6.0 SPX Cycle Watch (Daily), just for your info, from daily cycle, we’re within a turning date as well, no idea up or down though.
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