Archive for August 26th, 2011

Confirmed Short-term Signal: US Dollar Index Cycle Analysis

| August 26, 2011

The sharp move lower today caused both price oscillators to experience bearish crossovers and a bearish engulf pattern formed on the daily chart, generating a cycle high signal that indicates the alpha high (AH) likely occurred yesterday. A move below the last STCL during the alpha phase decline would reconfirm left translation. Alternatively, a move […]

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Short-term Forecast for August 26, 2011

| August 26, 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 today, moving up toward recent highs of the […]

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US Dollar Continues Test of Trading Range Support

| August 26, 2011

The US dollar index closed sharply lower today, moving down toward the lower boundary of the trading range from early May. Technical indicators are moderately bearish overall on the daily chart, favoring a break below trading range support in the 73.50 area. A confirmed breakdown would signal the likely resumption of the long-term downtrend and […]

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