Archive for June 17th, 2011

Commodity Correction on Verge of Resuming

| June 17, 2011

In late April, our analysis indicated that a potentially violent overbought correction in commodities was becoming more likely. Two weeks later, a sharp decline below long-term uptrend support signaled that the correction had begun and this week the Continuous Commodity Index closed sharply lower, approaching recent lows. The speculative advance from June 2010 to April […]

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Another Short-term Cycle Low Setup Occurs in Stock Market

| June 17, 2011

The S&P 500 index reversed large early gains to close moderately higher today, holding above recent lows of the violent downtrend from early May. The beta low (BL) of the current short-term cycle is imminent and another cycle low setup was created today when both price oscillators experienced bullish crossovers. Our cycle inflection point identification […]

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Short-term Forecast for June 17, 2011

| June 17, 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 moderately higher today, continuing to […]

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