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

ALL CONTRIBUTIONS

Intermediate-Term Forecast For Sunday, May 2
We are nine weeks into the rally phase of the cycle following the intermediate-term cycle low that occurred during the week ending March 5. The magnitude and duration of the previous phase reconfirm the current bullish translation and forecast gains.
Read
Short-Term Forecast For Friday, April 23
The S&P 500 index closed moderately higher today, moving up toward previous highs of the uptrend from 2020. Technical indicators are bullish overall, strongly favoring a continuation of the advance.
Read
Short-Term Forecast For Wednesday, March 31
The S&P 500 index closed slightly higher today, holding at previous highs of the uptrend from 2020. Technical indicators are moderately bullish overall, favoring a continuation of the advance.
Read
Short-Term Forecast For Thursday, March 25
The S&P 500 index closed moderately higher today, moving up toward previous highs of the uptrend from 2020. Technical indicators are effectively neutral overall, suggesting that direction is in question.
Read
Short-Term Forecast For Wednesday, March 24
The following technical and cycle analyses provide short-term forecasts for the S&P 500 index.
Read
Short-Term Forecast For Wednesday, March 17
The S&P 500 index closed moderately higher today, returning to recent highs of the uptrend from 2020. Technical indicators are moderately bullish overall, favoring a continuation of the advance.
Read

Comments

Latest Comments
Stock Market Continues Test Of Critical Support Level
5 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
1 to 1 of 1 comments

STOCKS I FOLLOW

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

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Owner
Prometheus Market Insight
January 2000 - Present (21 years 9 months)

Education

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

Publications