Tuesday, December 29, 2009

ChartsEdge day (intraday) cycle forecast maps for equities 12/29

Here are the intraday forecast maps from ChartsEdge for (U.S.) equities like the S&P 500 index, for Tuesday, 12/29. Readers will remember that the ChartsEdge week-ahead cycle forecast (which you can locate with the "ChartsEdge weekly" label) shows a low for equities Tuesday, right before a big rise into Wednesday/Thursday. We can't guarantee there'll be a rise of that exact level. But for a continuation wave up as Tony Caldaro suggests in his OEW updates, it could happen. So for identifying a buying point, in addition to Monday's afternoon low (especially if Tuesday provides a lower low, like 1122, 1117 or (unlikely I think) 1112), these intraday maps may help with that. 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 Dec29

Posted: December 28th, 2009 | Author: Mike Korell |
Filed under:One-Day Market Map | No Comments »


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