ChartsEdge (U.S. equities) map for the intraday cycles on Monday, 7/13

Market Map for Jul13

Posted: July 12th, 2009
Author: Mike Korell
Filed under: One-Day Market Map
Comments to ChartsEdge »

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Thanks once again, Mike and ChartsEdge!

Folks - if you haven't worked with these ChartsEdge forecasts before, then remember to visit their site (use links above, and/or in the sites list at right), and I've also got much of that explanatory information at my "No Bull No Bear No Bias" site (also in links at right). We always have to remember to use the maps and forecasts more for timing, and not necessarily for price levels. For swing traders - from an Elliott Wave perpsective, I've got to wonder if we see a small second wave pullback up - will be surprised if it gets above a .382 or .50 retrace to 932 (although .618 is theoretically possible) - and then we've got the levels at 880, 888/889, 902/906, and 912 to consider.

I'll be posting some other things including Andre Gratian's weekend update soon, but will try to come back by morning to change the time stamp for this post so that it displays easily "at the top" in time for tomorrow's intraday trade. As always, good luck and be careful out there, and happy market navigating!

Update 10:42 pm - I've changed the time stamp on this post so the daily map can be more easily seen intraday Monday.

Also - for those following Terry Laundry's T Theory, you already know that the S&P 500 fell under the 55-day moving average that was his midline support. Terry Laundry has updated his T Theory work and SPX chart at his T Theory website today, and you'll want to see that and also listen to his audio comments posted there.