Goldman Sachs (NYSE:GS) has been strongly bullish for the better part of a year. After showing signs of a blow off top near the $220 per share area, this market has confirmed a reversal by forming a lower high. Bearish power is growing and we forecast that this stock will test down to the $200…

The Eurodollar vs. The U.S. Dollar (EUR/USD) has followed through on our last forecast perfectly…Now we would expect to see this market reverse and head lower to create an inverse head and shoulders reversal pattern.

JP Morgan Chase (JPM) has exhausted itself to the upside, and is poised to set up a shorting opportunity. Conservative traders should be watching for the formation of a lower high or “shoulder” that forms the late this week or next.

The S&P 500 index proxy (SPY) has a high probability to break down and accelerate to the downside in the long term, but in the next few days we have a low probability forecasting environment, so will stay away from this market.

WallMart (NYSE:WMT) has been selling off for quite some time. It has been showing signs of exhaustion recently, and has been on my watchlist. WMT has finally confirmed its bottom by forming a hybrid double bottom/head and shoulders reversal pattern on its daily chart. Our forecast is for this stock to rally up to test…