Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
Was Wednesday's rally the beginning of the "Santa Clause Rallly?" OR was it just a head fake, relieving short term oversold readings on the RSI and MACD?
Read the notes in this morning's Intra Day update. Note that the indexes are retesting the upper range of the recent trend channel. Again, as noted in today's updates, watch the high of the first 45 minutes of trading.
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