Friday, July 16, 2010

ChartsEdge forecast comments for 7/16

What a week, with Goldman Sachs (GS) adding drama last night and Bank of America (BAC) and General Electric (GE) adding drama this morning! Not that we've been lacking for excitement as the $SPX has challenged 1097 and the euro ($XEU) has challenged the zone between 129 and 130! While gold has been threatening to take its own path on further weakness ... and crude oil has also been testing its own resistance/support zones. I'll be totally, totally tied up this weekend again but will at least post the usual lineup of analysis and insight to help keep readers focused on the important things. Meantime, here's today's word from Mike Korell at his ChartsEdge webpage at


Posted: July 16th, 2010 | Author: Mike Korell | Filed under: One-Day Market Map | No Comments »

72% probability of closing higher. BetaP and cycle charts concur.

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