Archive for June 23rd, 2011

US Dollar Moves Up toward Recent Highs

| June 23, 2011

The US dollar index closed sharply higher today, moving into the upper half of the ascending triangle formation that has been developing since late March. An ascending triangle is characterized by a rising lower boundary and a relatively stable upper boundary, suggesting that buying pressure is stronger than selling pressure. In this case, the upward […]

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Short-term Forecast for June 23, 2011

| June 23, 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 rebounded from large early losses to close slightly lower today, holding […]

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