Bear Market Rally Continues熊市反弹继续

Divergence between UVXY and SPX today, upside momentum from last week and month end /start fund window dressing buys all points to more upside for US stocks short term. Nasdaq may go up and test 12500 near term. However, this is still a bear market rally and preparing to go short in a day or two.

今天 UVXY 和 SPX 之间的走势背离、上周的上涨势头和月尾/头基金的粉饰账面买入行为显示美国股市短暂还会上涨。 纳斯达克近期或上试12500。 不过，这仍是熊市反弹，一两天后准备做空。