Archive for August 24th, 2011

Short-term Forecast for August 24, 2011

| August 24, 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 closed sharply higher again today, moving up toward previous short-term highs […]

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Gold Overbought Correction Continues

| August 24, 2011

Gold closed sharply lower again today, breaking below support at the lower boundary of the power uptrend from early August and approaching the lower boundary of the power uptrend from early July. Technical indicators are now moderately bearish overall on the daily chart, favoring a continuation of the developing overbought correction. With respect to cycle […]

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