I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, June 14, 2011

June 14

Bounce up today was not at all unexpected. My cycle indicator on my 60 minute chart has now definitively turned up (which furthers my expectation of a multi-week bounce). This will be confirmed if we trade above 129.80 before trading below 127.80 on the SPY.

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