Market continued to show upside strength this morning. Nasadq and $SPX broke above their daily 20MA. Although the scenario of forming right shoulders of head and shoulders top pattern still have chance to be true, I changed my mid term view from bearish to neutral. My trade 1 position -- QID position by following the mechanical top and bottom system was stopped out this morning.
For Nasadq, its next upside target is 2150. For $SPX, its next upisde target is the broken intermediate term uptrend line, which is ~1185 now.
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