What the intraday influences indicate for (U.S.) equities markets on Monday, 6/15: ChartsEdge

Here's the intraday "Map" forecast from ChartsEdge. Yes, the pattern shown looks different from what their weekly cycle forecast indicates for Monday - well, similar, but particularly different for the late afternoon action ... remember that the method used to produce the daily Market Maps is different from the method they use for the week-ahead and longer-term cycle forecasts. If these are new to you, then you can get more information in the portion of the Cycles Review I did about just the daily ChartsEdge Market Maps (use the "Cycles Review" label at right), as well as info I posted at my "No Bull No Bear No Bias" education site (link at right). And of course, at Chartsedge Daily Market Maps.

As I've mentioned, I am trying to "fit" the ChartsEdge weekly maps that I posted just a little while ago, into my understanding of the Elliott Wave scenarios, primarily relying on Tony Caldaro's great work with the Objective Elliott Wave as he updated it this weekend. However, if you're just trading the markets day-by-day, then the daily Market Maps are what you'll be looking at more closely anyway!

P.S. UPDATE - I am changing the time marked for this post, to make it easier for daytraders to "see" this daily map at the top of the page. G'night now, and happy market navigating!

So without further ado, here's the Market Map for Monday:

Market Map for Jun15

Posted: June 14th, 2009
Author: Mike Korell
Filed under: One-Day Market Map Comments to ChartsEdge »