our near-term work on price structure and momentum suggested strongly that an important near-term low had been established and the market is in an early stage of a new uptrend that points to a test of key resistance at the 1130-1150 levels on the S&P 500 index.

大盤近期的價格形態和動能強烈預示著一個重要的近期低點已經形成，市場正處於新一輪上漲趨勢的初期，指向對標普500指數的1130-1150點之間關鍵阻力位的測試。

inter-market studies provide good trading opportunities because in any related group, there is always a leader. Right now, the Dow is the leader on the downside and the NASDAQ is the leader on the upside. So it’s important that you keep a close eye on these leaders because their breakout or breakdown will have a significant impact on the broad markets.

目前道指是下跌的主力，納指是上漲的主力。因此我們非常有必要關注這兩大指數的走勢，因為無論是道指向下突破還是納指向上突破，都將對大市產生重大影響。

stocks likely to break to the upside in the short term but the bigger picture, the structure of the market in terms of price movement, sentiment and momentum, demands further healing. So we could see more backings and fillings over the next couple of weeks