Friday, May 24, 2019

Downside Reversal Day Likely Today 今天成为反转下跌日的机会大

S&P 500 was up 19 points this morning and is now up only 5. Dow was up 180 points earlier and is now up only 80. S&P 500 dropped through the high end of it's opening gap and went ahead to fill the gap, proceed to challenge yesterday's closing price, it then rallied to test the high end of its opening gap twice only to drop again from there, all these are bearish actions. This has the look of a down side reversal day, this pattern would be confirmed if S&P 500 drop through yesterday closing price of 2822. No progress in the US-China trade front and the long weekend ahead may drive traders to sell stock to avoid risk. Apple (AAPL) and Google (GOOG) turning negative from up should also drags. The Dow 200 day moving average at 25434 is likely to be retested.









标准普尔500指数今早上涨19点,目前仅上涨5. 道指早前上涨180点,目前仅上涨80点。标准普尔500指数跌穿开盘缺口的高端并继续填补了缺口,下跌挑战昨天的收盘价之后,它再次上涨测试其开盘缺口的高端两次,不过再次从那里跌下来,所有这些都是利空的表现。如果标准普尔500指数再度跌穿昨天的收盘价2822,那么今天将会出现逆转下行的情况。美中贸易谈判没有进展和未来的长周末可能会促使交易者出售股票过周么以避免风险。苹果(AAPL)及Google(GOOG)从正数转向负数也是市场拖累。道指200日移动平均线25434可能会重新被测试。






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