Archive for June 7th, 2011

Confirmed Short-term Signal: Gold Market Cycle Analysis

| June 7, 2011

We are 7 trading days into the cycle following the short-term cycle low (STCL) on May 26. Both price oscillators experienced bearish crossovers today and a bearish engulf pattern formed on the daily chart, generating a cycle high signal that indicates the alpha high (AH) likely occurred yesterday. Only a quick move above the stop […]

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US Dollar Approaches Important Short-term Low

| June 7, 2011

The US dollar index closed moderately lower today, approaching previous lows of the downtrend from the beginning of the year. The volatile character of the current short-term cycle from May 4 suggests that long-term direction is in question. The alpha phase rally off of the early May low was an extremely strong oversold reaction. However, […]

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Short-term Forecast for June 7, 2011

| June 7, 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 reversed large early gains to close near unchanged today, holding at […]

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