Stock Market Downside Reversal Confirmed 股市逆转下行确认

The followings confirmed stock market's downside reversal:


1.  Trump vows to retaliate to China "this afternoon", orders US companies to find "an alternative to China".

2. Fed Chair Powell pledges to act appropriately to sustain economy and concern over deteriorating economy conditions on China and Germany. Now that his speech is over, the stock market will be focusing on worsening US/China trade war. Profit taking selling is likely.

3. Volatility Index VIX surged nearly 22%.  Fear is back.

4. Market downside reversal confirmed as major market indexes find resistances at their 50 day moving averages. August and lows are to be retested.  August lows are Dow 25340, S&P 500 2822 and Nasdaq Composite 7663. June lows are Dow 24680, S&P 500 2729 and Nasdaq Composite 7292.

以下证实股市已逆转下行：


1。特朗普誓言“今天下午”向中国报复，命令美国公司寻找“替代中国的渠道”。

2。美联储主席鲍威尔承诺采取适当行动以维持经济和对中国及德国经济状况恶化的担忧。 现在他的演讲已经结束，股市将关注美中贸易战的恶化。 股市将遭到获利抛售。

3。波动指数今天大升近22%。恐慌回来了。

4。市场下行逆转得到确认，因为主要市场指数难以突破它们的50日移动均线阻力。 8月及6月低点将重新被测试。8月低位为道指25340，标准普尔500 2822和纳斯达克综合指数7663， 6月低位为道指24680，标准普尔500 2729和纳斯达克综合指数7292。