Next week: the steam is running out

In the week of 7/27, the market did meet the resistance around 100. In the last three weeks, the magnitude of rise is getting smaller. The buying force looks running out of steam. Time to short?



The following is the prediction for the week of 7/27
This week, SPY broke a major downtrend line. Next week, it sees a horizontal resistance around 101. The bottom of SPY is a reversed head and shoulders pattern, from this pattern, the uptrend is expected to extend to the level of 125 breaking of THE most important down trend line. Very exciting now!

市场已经筑好了底

从图上的divergency来看，市场的下降趋势已经终止。上扬趋势可期！

SPY Short Interest