Wednesday, December 30, 2009

ChartsEdge day (intraday) cycle forecast maps for equities 12/30

Here are the intraday forecast maps from ChartsEdge for (U.S.) equities like the S&P 500 index, for Wednesday, 12/30. Readers will remember that the ChartsEdge week-ahead cycle forecast (lower on this page, or which you can locate anytime with the "ChartsEdge weekly" label) suggests the markets moving higher into Wednesday and Thursday. Although that weekly cycle forecast (generated with different methods) would suggest a low open, then sharply rising - but these maps look like a different path intraday. So we'll see whether or not that can make a higher high with the SPX to 1133 - and if so, whether these maps suggest it can sustain. Remember that the indicated movement of these daily maps starts at the regular 9:30 ET open. So, thanks again, Mike Korell and ChartsEdge! From: http://www.chartsedge.com/wp/:
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ChartsEdge Daily charts for Dec30

Posted: December 29th, 2009 | Author: Mike Korell | 
Filed under:One-Day Market Map | No Comments »


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