Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2012 by Patrick Mikula All Rights Reserved

Here is the follow-up blog for the forecast of the 20 minute S&P500 mini for January 6, 2012.

In the previous post made on January 5, 2012,  I forecast a turning point at the delta #1 point seen on the chart below during the day January 6, 2012. The chart below shows the short-term delta count that I have developed for the S&P500 mini. The MarketWarrior software does not calculate Delta counts; they must be calculated by hand. This usually takes 30 to 60 minutes of research. The #1 delta count usually aligns with the largest turning point of the day. On the chart below, the #1 points has aligned with a market bottom. The delta #1 count fell from a top down into the #1 point. This fall into the Delta #1 point was the largest move of the day for January 6, 2012. If you trade the S&P500 mini, you should watch the next #1 delta point when it occurs.

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