Thanks again to Mike Korell, here is today's "BP" intraday equities cycle map from his ChartsEdge Daily Maps at http://www.chartsedge.com/wp/. Remember that these are more predictive when these also look similar to his Pattern Recognition daily chart (when available - as it is today at his subscriber site - and which does have a high confidence number today), and his week-ahead cycle forecasts (use the "ChartsEdge weekly" label to locate here). You can always get the full set by subscribing to his moderately-priced subscription(s), of course. And info on all this is available at his website shown in the lists at right side of the page here.
The intraday movements depicted, begin right about the 9:30 a.m. ET market open. Will be interesting to see whether or not this map plays out, and if it will work off a higher level than yesterday's high, or just a lower high. And of course, whether it leads equities to move out of the "triangular" range (if it is a valid tri), let alone to drop low enough later today or soon in order to get the US dollar index up to the 80.80 symmetry target.
But enough of my editorializing - here's Mike's map (thanks again Mike!):=============
Posts
No comments:
Post a Comment