our near-term work on price structure and momentum suggested that this market wants to go higher. However, unless the Money Flow measure on the S&P 500 index moves above the April high, it would be reasonable to expect stocks to correct, so we’re looking for opportunities to take profits

股市近期價格形態和動能顯示，市場有繼續上漲的要求。不過，除非標普500指數的資金流向指標能夠站上4月高點，期待股市出現一波修正走勢是合情合理的，因此我們打算尋找機會鎖定收益。

our near-term work on price structure and momentum suggested that we should see at least another pop to new recovery high, slightly above the 1000 level on the S&P 500 index over the next couple of days. For the intermediate term, expect a short-term high between the 1000 and 1020 areas, and then a pullback to 950

從股市近期的價格形態和動能來看，我們應該至少還能看到下一個復甦行情新高，標普500指數未來幾天可能會小幅站上1000點。從中期來看，標普可能在1000-1020點的區域形成短期頂部，然後回調至950點附近。

it has been awhile since the S&P revisits the oversold territory. This, we believe, is a good buying opportunity for those who had missed the spring rally and been waiting for a sweet spot to get in. In short, a significant short-term low has been established, so we should expect at least an attempt to rally tomorrow.