Much to the bears' dismay, the S&P continues its upward journey towards what I believe will eventually prove to be an interim top: 1370.
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The chart pattern continues to suggest the S&P 500 will reach 1370 before the start of a corrective reversal.
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BIDU is starting to show its hand here. My forecast is still calling for an upside target to threaten the $200 level.
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The market is currently attempting to ice-skate uphill. My short-term forecast is still calling for a 1370 target that should give way to a multi-day correction.
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PCLN has made some great strides lately. My forecast of an upside target of $600 still stands.
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I continue to expect the S&P to set an interim high near 1370. However, make no mistake about it; the cord is getting pretty stretched up here, and it's setting the stage for a multi-day pullback.
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TEVA may be poised for an upward breakout on the heels of a two-year bear market. The reversal pattern appears to have unfolded as a Rounding Bottom whose base is an inverse Head-and-Shoulders, as is often the case.
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The chart of
Mitcham Industries (MIND) sports a hot-looking pattern portending further upside in the coming. However, the recent gains are currently being consolidated.
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When it comes to SCSS, don't be a 'home gamer'; Let the knee-jerk reaction and counter-reaction play out before you act.
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ISRG is poised for continued growth in the coming months. This is evidenced by the price pattern, the underlying momentum, and the fractal reinforcement.
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