Archive for June 6th, 2011

Stock Market Decline Continues to Gain Momentum

| June 6, 2011

The S&P 500 index closed sharply lower for a second straight session, breaking well below congestion support in the 1,300 area and reconfirming the downtrend from early May. Technical indicators remain extremely bearish overall on the daily chart, supporting a continuation of the decline. During the past two sessions, two important support levels have been […]

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Short-term Forecast for June 6, 2011

| June 6, 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 500 index closed sharply lower again today, breaking well below strong congestion support […]

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