Weekly S&P 500 Review - 19 Nov 2022 波浪理論/圖表派: 一周美股回顧

 Weekly S&P 500 Review - 19 Nov 2022

 

The S&P 500 Index went down 0.69% this week and closed at 3965. We continue to maintain the medium-term trend as a downtrend. The market has reached daily high at 4028 on Tuesday, but did not manage to go above 4000 anymore.

 

Our long-term labeling on the SPX is we are in the Great Super Cycle 3, which divided into 5 Cycles. The Cycle 1 ends at 1576 in 2007, and 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 4818, while we’re in the Intermediate ii pull back. The initial target for Intermediate ii will be around 3200.

 

In the short-term, there will be 3 Minor waves in Intermediate ii. The Minor A was at 3636, the Minor B at 4325, and we are in the Minor C extension. The Minute a was at the 3491, and we are in the Minute b rally, with 3911 is the Micro a, 3698 as the Micro b, and we are in the Micro c rally. This week the market officially arrive our Micro c range at 4050 area (+/- 50), so we give 4028 a tentative end of Micro c / Minute b mark for now, but it’s still possible that the Micro c will retest the 4050 area again. However, if the market rally could break through both 4119 and 4223 pivot, we will consider to change the current count.

 

In the coming week, the short-term support lies at 3854 and 3950, while resistance is at 4057 and 4119. The short-term MACD bullish cross is narrowing, and the RSI is at balance status on Friday closing.

 

 

波浪理論/圖表派: 一周美股回顧 - 19 Nov 2022

 

本周SPX (標普500) 指數下跌0.69%，收於3965點。我們繼續維持中期趨勢是下跌趨勢。本周市場繼續嘗試反彈，并且在周二開市一度達到反彈新高4028點，但是在之後的數天都無法再次突破4000點。

 

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4818點結束，我們進入Intermediate ii浪下跌，我們給Intermediate ii浪的初步目標是3200點左右。

 

短期來説，Intermediate ii浪會分爲3個Minor浪，其中3636點是Minor A浪，4325點是Minor B浪，我們目前處於Minor C浪下跌之中，其中3491點是Minute a，我們處在Minute b浪反彈的Micro c浪之中 (3911點為Micro a浪，3698點為Micro b浪)。Micro c浪反彈本周再次到達我們的目標點位範圍(4050 +/-50)，所以我們給與4028點暫定的Minute b標注，但是不排除Minute b浪繼續上試4050點左右的可能性。Micro c / Minute b浪反彈結束之後，Minute c浪下跌將帶我們至少回到3200點。然而，如果這次市場反彈可以突破4119和4223點，我們會調整目前的波浪標記。

 

下週短期的支持位是3854和3950點，阻力位在4057和4119點。短期的MACD牛交叉在縮小， RSI在週五收市處於平衡狀態。