What the S&P 500 will probably do tomorrow: the intraday cycle forecast map for 2/2, and more information from ChartsEdge

What will the S&P500 and equities markets look like tomorrow? Looks like some weakness after the markets open is in order, with the potential for a rally into the afternoon, according to the ChartsEdge intraday cycle map for tomorrow. This appears to fit in with their weekly cycle chart posted here earlier this weekend (look under the "ChartsEdge" label to find it quickly).

ChartsEdge has also provided some information on another adjustment to their methodology for these projections of equities market movements for the forthcoming day, so be sure to review that as well:
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Market Map for Feb02

Posted: February 1st, 2009
Author: Mike Korell
Filed under: One-Day Market Map

The technique used to create these charts continues to be updated. Last week allowances for multiple time zones was added. Since the US population is spread across primarily four time zones with the geodetic center of the longitude located in Missouri, allowance must be made for traders as they become active. Testing proved out that an origin at Kansas City works out best.

This week automatic allowance for intraday inversions is being added. This is a problem which shows up on some afternoons based on the time of the sync signal. This particular change should be quite noticable in the improvement in accuracy.

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Thanks once again, Mike, for your ChartsEdge cycles charts and maps!
Folks, for background information on these you can check out the ChartsEdge site in my list of "other sites of interest" at the right side of this page. And you can also look during each trading day for any intraday map updates, by checking out the ChartsEdge feed just under that list of other sites.

As always - be careful out there, and happy trading!