the S&P 500 index is short-term oversold after Thursday’s massive selloff so we should expect at least an attempt to rally over the next couple of days

經過週四的大跌之後，標普500指數已經短期超賣，因此我們預計未來幾天指數至少將出現一次上攻嘗試。

Capital Essence’s CEM News - Market Outlook (the technical analysis of financial markets) for September 25, 2009: “…Energy stocks may be rolling over. As indicated in the above chart, XLE is pulling back to key support level after a test of the summer early this week was met with an aggressive wave of selling interest. This is a short-term negative. Added to the not so bright picture is the negative Money Flow measure, indicating a possible..” Subscribers, please login to read the rest.

stocks were running out of upside momentum from the large impulse move of the last several sessions. So, more likely than not, Monday’s decline is a beginning of a new short-term pullback consolidation period

short-term, looks for an attempt to rally around the 880 level on the S&P 500 index. But as our “U.S. Market Trading Map” indicates, the rally, if and when it happens, could be short lived. In a longer term, market is fast approaching key inflection point as we’re heading into second quarter earning season. Right now, all indicators point to a break to the downside, so we should be prepared for more weaknesses over the next couple of weeks.