Erik McCurdy

Owner, Prometheus Market Insight
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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 Tuesday, Feb. 9
Tuesday, February 9, 2021 6:52 PM EST
The S&P 500 index closed slightly lower today, holding near recent highs of the uptrend from March. Technical indicators are bullish overall, strongly favoring a continuation of the advance.
In this article: SPX
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Short-Term Forecast For Wednesday, Dec. 16
Wednesday, December 16, 2020 9:19 AM EST
We are 6 sessions into the beta phase decline of the short-term cycle that began on November 1. The latest short-term low may have formed on December 14, although we would need to see additional strength to confirm that development.
In this article: SPX
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Short-Term Forecast For Tuesday, Dec. 15
Tuesday, December 15, 2020 9:16 AM EST
We are 5 sessions into the beta phase decline of the short-term cycle that began on November 1. The latest short-term low may have formed on December 14, although we would need to see additional strength to confirm that development.
In this article: SPX
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Short-Term Forecast For Thursday, Dec. 10
Thursday, December 10, 2020 9:17 AM EST
The decline today indicates that the beta high (BH) of the current short-term cycle likely formed on December 9. We are 2 sessions into the beta phase decline of the short-term cycle that began on November 1.
In this article: SPX
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Short-Term Forecast For Wednesday, Dec. 9
Wednesday, December 9, 2020 5:12 PM EST
The S&P 500 index closed moderately lower today, retreating from recent highs of the uptrend from March. Technical indicators are moderately bullish overall, favoring a continuation of the advance.
In this article: SPX
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Short-Term Forecast For Monday, Dec. 7
Monday, December 7, 2020 4:34 PM EST
The following technical and cycle analyses provide short-term forecasts for the S&P 500 index.
In this article: SPX
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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
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Owner
Prometheus Market Insight
January 2000 - Present (21 years 6 months)

Education

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

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