Wednesday, June 16, 2010
ChartsEdge forecast commentary for 6/16
Yesterday the market roared on the promise it had made Monday that it could exceed SPX 1005, despite the natural fade pullback Monday afternoon. That went along with the euro ($XEU) rising above its Bollinger Band midpoint to test the 122/123 area. Didn't test 124/125 yet, and we can't be sure it will despite its chart strength so far ... but it might! Either with or without a consolidation first.
Meantime Mike Korell is providing the link below (thanks again Mike!) for his ChartsEdge forecast commentary, at his webpage at http://www.chartsedge.com/wp/