Weekly US Stock Market Review – 03 Aug 2024 一周美股回顧

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Weekly US Stock Market Review – 03 Aug 2024



The S&P 500 Index went down 2.06% this week and closed at 5346. The pull back of SPX has continued this week, which we believe is the Micro a of the Minute iv pull back.



In the short term, we’re in the Intermediate iii wave which will have 5 Minor waves. As we have the Minor 1 at 4100, Minor 2 at 3764, and we’re in the Minor 3 rally. The Minor 3 will have 5 Minute waves, and we have 4195 as Minute i, 3808 as Minute ii, and Minute iii ended at 5669 pivot, and we are at the Minute iv pull back. We keep our minimal target for Minute iv is 5102 pivot, the 2nd target is 4953 pivot, with 3rd target at 4607 pivot. The extreme target for Minute iv is 4203 pivot but we believe the chance is very small.



In the coming week, the short-term support lies at 5264 and 5192, while resistance is at 5361 and 5446. The short-term MACD continue with a bearish crosss, and the RSI is at slightly oversold status on Friday closing.


主觀波浪理論: 一周美股回顧 03 Aug 2024



本周SPX (標普500) 指數下跌2.06%，收於5346點。本周市場繼續進入Minute iv浪回調，我們認爲目前處於Minute iv浪回調的Micro a浪。



短期來説，我們所在的Intermediate iii浪會分爲5個Minor浪，其中Minor 1浪在4100點， Minor 2浪在3764點，我們目前處於Minor 3浪上升之中。Minor 3浪會分爲5個Minute 浪，其中4195是Minute i浪，3808點是Minute ii浪，Minute iii浪在5669點結束，我們進入Minute iv浪回調。我們給予Minute iv浪的最低目標是5102點，第二目標是4953點，第三目標是4607點。理論上Minute iv浪的極限目標是4203點，但是我們認爲達到這個極限目標的概率相當低。



下週短期的支持位是5264和5192點，阻力位在5446和5361點。短期的MACD熊交叉持續， RSI在週五收市處於輕度超賣狀態。




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