The S&P 500 index proxy (SPY) is still showing bullish energy that keeps our forecast stable…We are looking for a move back up into the ivory area, then a lower high and a breakdown to new lows.

Halliburton (NYSE:HAL) frustrated us this week as it rallied cleanly to test the forcasted profit area…BUT failed to dip down into the green zone to provide a qualified entry.

(EUR/USD) is building a complex correction on its daily chart and the odds are too muddy to provide a quality forecast at this time. We are expecting price to fall down to test the ivory zones, and at that time we hope to be able to upgrade our forecast to “green” status.