Reasons for US stock market to start downside correction 美国股市开始下行修正的一些原因

1. S&P 500 failed to break above 2800-2817 resistances 5 times since last October. It may not be overcome for a while.
2. All major market indexes were up at the open and sharply lower now, an bearish outside day has formed.
3. Volatility Index VIX is up over 24% today, the biggest up move since December low. This is a show of fear.
4. The US-China trade deal progress news has been used too much, best result may have been reflected by the stock market.
5. Major US stock indexes have risen 19%-22% since December low, too much too soon.
6. The Shanghai stock index has risen 23% since January 3, 2019 low, too much too soon.
7. 7. Recent US, European and Chinese economic data is not good.

Projected downside targets for the S&P 500 are 2750 and 2700.

1.自从标准普尔500指数未能突破2800-2817阻力位5次。这个阻力区可能有一段时间不能越过。

2.所有主要市场指数均在开盘上涨，现在大幅走低，形成看跌的外部日。

3.波动率指数VIX今天上涨超过24％，是自12月低点以来的最大涨幅。 这是恐惧的表现。

4.美中贸易协议进展新闻使用过多，最好的结果可能已经反映在股市上。

5.美国主要股指自去年12月的低点上涨了19％-22％，太多太快了。

6.自2019年1月3日以来，上证指数已经上涨了23％，太多太快了。

7. 最近美国，欧洲及中国经济数据并不好。

标准普尔500指数的下行目标预计为2750和2700。