原文標題：
Charts suggest S&P 500 is seeing a temporary rally and more downside may be
ahead, Cramer says
原文連結： https://ibit.ly/dpqD
發布時間： 發佈於 2021年 10 月 5 日
原文內容：
KEY POINTS
- CNBC’s Jim Cramer said Tuesday that technical analysis from Carolyn Boroden
suggests the S&P 500 may be the midst of a temporary bounce.
-“Until we get Boroden’s favorite moving average crossover, she can only see
this rebound as a bit of a relief rally,” the “Mad Money” host said.
Charts suggest the S&P 500 may be the midst of a temporary relief rally after
weeks of tough sledding on Wall Street, CNBC’s Jim Cramer said Tuesday.
The “Mad Money” host’s comments came after the broad equity index jumped
1.05% Tuesday, rebounding from a technology-driven sell-off in the prior
session.
“The charts, as interpreted by Carolyn Boroden, suggest that today’s bounce
might not be the end of the relief rally because we were due for a reversal,
even if it’s a temporary one,” Cramer said.
Boroden, a technician who runs FibonacciQueen.com, believes the S&P 500 “
could still be vulnerable to more downside,” Cramer said. “But — and this
is a very big but — it also looks due for a tradeable low right here, right
now.”
The reason Boroden thinks that is because she’s identified a cluster of
seven Fibonacci timing cycles that are set to come due between Tuesday and
Thursday, Cramer explained. That technical indicator suggests the S&P 500,
which has struggled in recent weeks, could change trajectory, he said.
“Again, though, she’s only looking for a temporary countertrend rally and
not an actual bottom,” Cramer said. “Even that isn’t guaranteed,” he
cautioned. “Just because we’ve got a bunch of Fibonacci timing cycles
coming due at the same time doesn’t necessarily mean the S&P will make a low
and reverse course.”
Cramer said Boroden will only start to put her faith in a more sustained
rebound until she spots a solid buy signal, which for her is when the
five-day exponential moving average crosses above the 13-day exponential
moving average.
“That just hasn’t happened yet, and it would take a few more days of upside
to even get close,” Cramer said. “Until we get Boroden’s favorite moving
average crossover, she can only see this rebound as a bit of a relief rally.
That said, even if we can’t shake the broader decline, she’s convinced that
we’re due for a bounce and today may be just the beginning. I think she’s
making a compelling point.”
心得/評論： ※必需填寫滿20字
大家最喜歡的美國老謝開示了
這下是不是漲翻啦?現在歐印還來不來的及?
十月魔咒表示:QQ