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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.
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Blog entry date: 4/19/2009
1. ShepWave Update Published. Technical Factors: VIX SELL SIGNAL...bullish for stocks.... But, ending diagonal in equity indexes. 4/19/2009 4:50:34 PM

The S&P hit a high of 875 this past week; this has been a resistance area at the two most recent highs for the index.  This combined with the fact that we have a short to mid term Ending Diagonal pattern ending could mean that a reversal is coming soon....ideally after one more brief ral...

 
 
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