标普500预计在9月底至10月初见底；除非突破7714点，否则下一周期可能偏空。
逐段跳播
现在，让我们开始这次股市分析，从标普 500 指数开始。
Now, let's begin this analysis of the stock market, starting with the S&P 500 index.
所以，标普 500 指数在这里告诉我们，我们预测的这轮下跌已经发生了。
So, the S&P 500 index is telling us here that this decline we predicted has happened.
但是，这就是标普 500 指数。目前，随着动能放缓、周期在这里转为负向，我认为这里这个周线形态很可能要到这里的周期底部才会见底，而那个底部出现在 9 月底或 10 月初。
But, this is the S&P 500 index. Currently, with the momentum slowing and the cycle forming negatively here, I give weight to a good probability that this weekly pattern here will not bottom out until the cycle bottom here, which comes in late September or early October.
所以，如果市场开始上涨并突破 78.6，那里有 7714，我们就把这个数字定义为将使局面转向更积极的数字，标普 500 上的 7714。
So, if the market starts to rise and breaks above 78.6, there's 7714, let's define that as the number that will turn things around to become more positive, 7714 on the S&P 500.
这就是我在关注的数字，而目前有一些证据表明，它可能无法升破这一水平，而且接下来这一轮完整周期将是看跌的，两分钟后我会向你展示支持这一判断的依据。
That's the number I'm watching, and at the moment, some evidence suggests that it might not be able to rise above that, and that the next full cycle here will be bearish, and I'll show you what supports that in two minutes.
如果你看一下标普500指数以及这里的动能情况，你会发现期权偏向指标处于中性，而这一指标一直停留在红色区域，并给出了标普500指数的负面动能信号。
If you look at the S&P 500 index and the momentum situation here, you can see that the options bias indicator is neutral, and this has remained in the red and given a negative momentum signal on the S&P 500 index.
在交易者模式下，你可以看到我们这里看的是SPY和QQQ，它们实际上……抱歉，我现在处于短期模式。我想切换到中期。它们的评级在第10天和第14天从略微向上下调至中性。
In trader mode, you can see here that what we are looking at is SPY and QQQ, they were actually... sorry, I'm in short-term mode. I want to move to the medium term. Their rating dropped from slightly upward to neutral on the 10th and 14th days.
观察点
这个频道对 $SPY 的历次判断
Steve Miller 在这只股票上共 6 条判断，这里只列相邻的几条。