S&P 500 (bearish to low 280s)

2020年5月21日

Look at what happens. Every time we get a cross down on the indicator, we get a 5% pullback in SPY ($283 this time). I think we will see this same pattern repeat within the next few trading days. I'll consider a crossing of the EMA20 (yellow) below the VWAP (white) as a confirmation signal, although it will be delayed.

In addition, crypto market (BTC and ETH) have had somewhat of a correlation in recent months. We are now seeing a clear reversal in the crypto markets which I believe is a leading indicator of the SPY, although the correlation is not very strong.

BEARISH on US equities until we see 280s again within the next week or two.
Target: $283

GOOD LUCK.

2020年5月21日

註釋

Market appears to be selling off into the close today now, let's see if it continues

2020年5月26日

註釋

Premarket is looking positive for tomorrow morning (Tuesday). Implied open is positive. This could change overnight, but if SPY continues to climb tomorrow and/or Wednesday, we could be looking at a scenario more like this one.



As usual, no guarantee so use your own best judgement and do what you think is best for you.