Asia lead by SSE Composite on positive trend (likely target 2700 to 2800 range in August/early September) and Nikkei225 seems to bottom (trader awaiting Stimulus announcement to boost slow GDP growth - boost market).
US market Trend
Market Sentiment
Market Data ISEE Sentiment Index and other sentiment indicators (Bullish trend up. Neutral trend up. Bearish trend down). ISEE Equity Trend towards bullish. Click and view chart for reference.
CBOE Option
Watch CBOE option August expiration closure this week on the trend. Likely positive trend.
SPX
Bear still fighting to pull index down during half an hour SPX closing.
Need to see volume pick up this week and cross MA200. Refer to previous posting on breaking the resistance 1126 (and hold above 1130) to trigger mid-term bull trend
McCellan Oscillator
Sign of cyclic trend - around 30 to 40 days reference to June and July cycles.
If Yes, TOP end August/early September before trend down.
Fundamental - Watch Copper, CRB and BDI - positive consolidation as observed.
Click the charts on your right hand side. Critical indicators on economy trend. Positive market trend as written on the charts for short term if no major negative headline(s) this week! Trade within your own risk. SPX, if cyclic trend, likely short term low around late September (charts will give the signal).
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