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Killy_Mel
Aug 20, 2015 8:13 PM

MACRO VIEW: SNP LIKELY TO FALL WITHIN WIDER LATERAL RANGE 做空

SPDR S&P 500 ETF TRUSTArca

描述

On technical basis, SPY (The S&P500 ETF) has broken down below 1st standard deviation from quarterly mean (66 days), while also breaking below 1 year mean (264 days).

The price has now entered a downtrend on quarterly basis, and will continue to fall if price stays below 1st standard deviation from quarterly mean (207.1) Closest target is the lower 1st st deviation from 1 year mean (197.70)

After the target is tagged, price will likely stay within 1st standard deviation from 1 year mean for some time (range will be 197.7 - 212.5)

SPY is mostly influenced by upcoming September uncertainty, caused by upcoming US policy decision in regard to Iran (to leave it sanctioned or to open it up).
评论
paulyberndt
for me price has to take out that October 2014 swing low for a meaningful trend change. Many fund managers now have a good portion of their portfolios in cash and they hate being in cash with interest rates this low. Central Bank policy key here I suspect a violent updraft in Sept will see
Killy_Mel
trend change - you mean to downtrend? or a new leg of lateral uptrend that was happening since end of 2012?

where do you get data on the portfolio managers?)
klepkowski
Great analysis. Thanks for posting it
Killy_Mel
you're welcome)
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