Owner, Prometheus Market Insight
Contributor's Links: Owner, Prometheus Market Insight

Erik is the owner and senior market technician for Prometheus Market Insight and has been performing chart analysis since 1995. The software program that he developed to monitor long-term stock market trends has correctly identified 92% of the cyclical turning points in the S&P 500 index ... more

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Short-Term Forecast For Thursday, Feb. 20
The following technical and cycle analyses provide short-term forecasts for the S&P 500 index.
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Short-Term Forecast For Wednesday, Feb. 19
The S&P 500 index closed moderately higher today, moving up to a new high for the uptrend from October. Technical indicators are bullish overall, strongly favoring a continuation of the advance.
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Short-Term Forecast For Tuesday, Feb. 18
We are 11 sessions into the alpha phase rally of the short-term cycle that began on February 3.
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Short-Term Forecast For Thursday, Feb. 13
We are 9 sessions into the alpha phase rally of the short-term cycle that began on February 3.
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Short-Term Forecast For Wednesday, Feb. 12
The S&P 500 index closed moderately higher today, moving up to a new high for the uptrend from October. Technical indicators are extremely bullish overall, strongly favoring a continuation of the advance.
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Short-Term Forecast For Tuesday, Feb. 11
We are 7 sessions into the alpha phase rally of the short-term cycle that began on February 3.
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Comments

Latest Comments
Stock Market Continues Test Of Critical Support Level
4 years ago

That is an excellent question, Alexis, and worthy of a long, in-depth discussion. However, the short answer is that market prices are based on the decisions of all market participants, regardless of whether they are basing those decisions on rational, fundamental data or irrational imperatives such as greed and fear. Essentially, market behavior reflects the sum total of all knowledge and emotion driving the decisions of its participants.

In this video: SPX
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STOCKS I FOLLOW

DIA SPDR Dow Jones Industrial Average
QQQ PowerShares QQQ Trust Series 1
SPY SPDR S&P 500

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Work Experience

Owner
Prometheus Market Insight
January 2000 - Present (20 years 5 months)

Education

University of Florida
MS
1993 / 1995
Computer Engineering
University of Virginia
BS
1989 / 1993
Computer Engineering

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