The S&P 500 index proxy (SPY) is currently digesting its recent drop, and not a lot has changed since last week’s forecast. Our forecast is for the market rally back into the zone shown in the video in Ivory…At that point a lower high should form, but we are waiting for more clarity in the…

(EUR/USD) continues to flounder after losing much of it’s bullish power in the shorter time-frames. We still see price moving up to retest the highs, but the odds are dropping with each week that passes. Having already taken profits, we are waiting for price to re-engage the bulls, then will begin executing our exit strategy…

Chesapeake Energy Corporation (NYSE:CHK) is slowly working itself out as forecast. After offering several opportunities for entry within the green zone, price has begun to build power for a push up into the blue zone.