Archive for August 21st, 2010

Long-term Top Begins Test of Important Support Level

| August 21, 2010

Our focus remains the developing long-term top in the stock market. The S&P 500 index closed slightly lower this week, beginning a test of congestion support in the 1,060 area. Aside from a brief move down to about 1,022 at the end of June, the cyclical uptrend from early 2009 has held above the 1,060 […]

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Intermediate-term Forecast for August 21, 2010

| August 21, 2010

Stock Weekly Chart Analyses The following weekly chart analyses provide intermediate-term forecasts for the stock markets that we monitor. For short-term outlooks see the latest short-term forecast and for long-term outlooks see the latest long-term forecast. The S&P 500 Index The index closed slightly lower this week, approaching critical congestion support of the cyclical uptrend […]

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