Archive for June 8th, 2011

Stock Market Breadth Summation Index Breaks Down

| June 8, 2011

The S&P 500 index closed moderately lower today, moving down to a new low for the violent downtrend from early May. Stock market breadth continues to weaken and the breadth summation index has moved well below the lower boundary of the symmetrical triangle formation that has been developing since late 2010. This breakdown is a […]

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Short-term Forecast for June 8, 2011

| June 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 closed moderately lower today, moving down to a new short-term low […]

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