Tuesday bullish reversal suggested strongly that the S&P 500 index is ready for another test of the important sentiment 1100 level. Although several near-term technical factors suggest that the bulls are holding the edge for a short-term corrective rebound, the index needs to breakout above 1100 and move higher before there is any real prospect of a change in the major downtrend pressure.
周二的多頭反轉走勢強烈預示着標普500指數將再次測試1100點的心理關口。不過，盡管一些近期技術指標意味着多頭掌握着一輪短期修復性反彈行情的主動權，指數需要突破1100點並繼續走高才可能消除強大的下降趨勢壓力。
“ETFs Trading Map” for June 1, 2010: “…Major indices ETFs: we’ve noted in the previous update that: “the major indices ETFs are now extremely oversold following recent decline so it’s possible that we could see a short-term oversold relief this week.” As anticipated, market rebounded nicely last week. However, last Friday weakness suggested that…” Subscribers, please login to read more.
there is a good chance that the S&P will continue to slump since the market psychology is weak now, but it’s likely to find some solid footing around the 1065-1044 areas. As the market approaches that level, short sellers will start to take profits so the risk of a short squeeze is very high.
由於市場情緒如此低迷，標普很有可能會繼續下滑，但有可能會在1065-1044點的區域找到強勁支撐。一旦指數來到這一位置，空頭將會開始鎖定利潤，軋空的風險非常高。
