Archive for June 13th, 2011

Stock Market Annual Cycle High Nearly Confirmed

| June 13, 2011

At the end of last month, our cycle analysis indicated that the latest annual cycle high (ACH) had potentially formed in May and the subsequent sharp decline in June has effectively confirmed that the high is in place. Only a quick move up to new long-term highs above 1,365 on the S&P 500 index during […]

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Oil Downtrend on Verge of Resuming

| June 13, 2011

Oil closed sharply lower for a second straight session, returning to the lower boundary of the trading range within which prices have been confined during the last five weeks following the violent decline in early May. A close well outside of this area will likely signal the direction of the next meaningful move and technical […]

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Short-term Forecast for June 13, 2011

| June 13, 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 near unchanged today, holding at recent lows of the violent […]

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