SHORT-TERM: THERE’RE SOME CHANCES THE HIGH WAS IN
Nothing to say today, all eyes are on debt ceiling deal, so really hard to see through the future. Purely from TA aspect, I think I’ve collected enough evidences arguing for at least a short-term pullback. As for the pullback target, if only SPX breakdown below its 07/20 low, I’d call my forecast successful. The chart below, 1.2.0 INDU Leads Market also argues that the 07/20 low will be broken.
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. Also 2 more evidences in 07/25 Market Outlook.
- 07/22 Market Outlook: Bearish on AAPL, therefore QQQ as well.
SUMMARY OF SIGNALS FOR MY PUBLIC CHART LIST:
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