Archive for June 16th, 2011

S&P 500 Index Tests Critical Support Level

| June 16, 2011

Our focus remains on the stock market as it begins a test of critical support at the March low near 1,260. A close well below this level would mark the first time a correction has moved below a previous low since the latest rally began in September 2010. This would be a major breakdown and […]

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Short-term Forecast for June 16, 2011

| June 16, 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 slightly higher today, holding at recent lows of the violent […]

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