FX:SPX500   美国标准普尔500指数
88 0 1
More problems for the bulls.

On top of a H&S formation (only the right is highlighted) and a failed 5 wave up, we now have a clear channel leading down.

Yesterday, I suggested failure might be at 73 but the party began a bit earlier at 67 precisely because of the channel. But it did get close to my target of 43.

And it sliced through to 50 DMA like a hot knife through butter. Why? There are no bulls and there is a tide of money leaving the market. From our friends at Lipper:

Report Period Date Link Source

Weekly 05/11/2016 Equity Fund Outflows -$6.1 Bil; Taxable Bond Fund Outflows -$514 Mil
xETFs - Equity Fund Outflows -$3.1 Bil             ; Taxable Bond Fund Inflows $656 Mil
Weekly 05/04/2016 Equity Fund Outflows -$11.2 Bil; Taxable Bond Fund Inflows $1.1 Bil            
xETFs - Equity Fund Outflows -$962 Mil; Taxable Bond Fund Inflows $1.7 Bil            
Weekly 04/27/2016 Equity Fund Inflows $101 Mil; Taxable Bond Fund Inflows $3.9 Bil            
xETFs - Equity Fund Outflows -$4.5 Bil             ; Taxable Bond Fund Inflows $3.6 Bil            
Weekly 04/20/2016 Equity Fund Outflows -$4.5 Bil; Taxable Bond Fund Inflows $3.5 Bil            
xETFs - Equity Fund Outflows -$2.9 Bil             ; Taxable Bond Fund Inflows $1.7 Bil            

To really have fun, we must get below that pesky trend line at 43ish, then get below the shoulders at around 36 to 38 and, lastly, and drill a hole in the 200DMA sitting at 2012.

And one other interesting tidbit, a friend observed the weekly 50 WMA is below the 100WMA, a rare event last seen in 2000 and 2008.

In my view, the only way for the bulls to regain control is to rise above the descending wedge which appears unlikely.

PS Lines pointing up suggest what we might see in OPEX week
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出