Archive for August 8th, 2011

Short-term Forecast for August 8, 2011

| August 8, 2011

S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the S&P 500 index. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the latest big picture update. Technical Analysis The S&P 500 index plunged more than 6% today, moving down to a new low […]

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Stocks Plunge in Response to US Credit Rating Downgrade

| August 8, 2011

Stocks Plunge in Response to US Credit Rating Downgrade As expected, the S&P 500 index declined sharply in response to the credit rating downgrade at Standard and Poor’s, plunging more than 6%. The index has lost 11% since breaking below support at the lower boundary of the long-term consolidation formation and nearly 17% during the […]

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