圖表派：一周美股回顧 - 5 Mar 2022 / Weekly S&P 500 Review

本周SPX (標普500) 指數下跌1.27%，收於4329點。我們繼續維持中期趨勢是下跌趨勢。本周市場嘗試反彈，周四一度創出反彈新高4417點，但是後繼無力。我們繼續維持上周的判斷，把4115點作爲Minor A浪的結束。

 

我們長期對於SPX指數的判斷，是2009年熊市的Cycle 2在667點結束之後，我們進入了Cycle 3 的牛市。Cycle 3細分成爲5個Primary浪，其中Primary I在2015年的2134點結束(上漲1467點)，Primary II在2016年的1810點結束，我們之後進入Primary III浪。

 

中期而言，Primary III又細分成5個Major浪， Major 1浪在2020年的3394點(上漲1583點)，Major 2浪在2192點，之後我們進入了Major 3浪。Major 3浪又細分成5個Intermediate浪，其中Intermediate i浪已經在4819點結束，我們進入Intermediate ii浪下跌，我們給Intermediate ii浪的初步目標是3700點。

 

短期來説，Intermediate ii浪會分爲3個Minor浪。其中Minor A浪在4115點結束 (4223點是Minute a浪，4590點是Minute b浪)，我們目前正在Minor B浪反彈之中。Minor B浪的反彈有可能已經在4417點結束，也可能下周仍然會持續，我們期待市場給出答案。

 

下週短期的支持位是4279和3950點，阻力位在4394和4465點。短期的MACD進入牛交叉， RSI在週五收市處在平衡狀態。

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Weekly S&P 500 Review - 4 Mar 2022

 

The S&P 500 Index went down 1.27% this week and closed at 4329. We continue to maintain the medium-term trend as a downtrend. The SPX tried to rally for the week and with a new bounce high at 4417, but did not sustain it. We continue with last week’s judgement and make 4115 as the end of Minor A.

 

Our long-term labelling on the SPX is after the Cycle 2 bear market ends at 667 in 2009, we’re in the Cycle 3 bull market. Cycle 3 wave have 5 primary waves, and Primary I finished at 2134 in 2015 (with 1467 points), and Primary II ended at 1810 in 2016, then we proceed to Primary III.

 

In the medium-term, Primary III has 5 Major waves, where Major 1 closed at 3394 in 2020 (with 1583 points), and Major 2 ended at 2192, and we’re in Major 3 now. The Major 3 wave will have 5 Intermediate waves, and the Intermediate i has already finished at 4819, while we’re in the Intermediate ii pull back. The initial target for Intermediate ii will be 3700.

 

In the short-term, Intermediate ii will have 3 Minor waves. Minor A has concluded at 4115 (with 4223 as the Minute a, 4590 as the Minute b) and we’re in the Minor B bonuce. The Minor B could possibly end at 4417, or continue to move higher, and we expect the market will provide more guidance next week.

 

In the coming week, the short-term support lies at 4279 and 3950, while resistance is at 4394 and 4465. The short-term MACD enter a bullish cross, and the RSI is at balance status at Friday closing.