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.
ShepWave Critical Upates for Thursday have been published. Is the current wave 2 of 3 about finished? Notice we do have some bearish divergence on the 60 minute time frame. Keep a close eye on the triggers.
Are the U.S. Equity Indexes along with Crude Oil, Gold and the U.S. Dollar Indexes indicating a bearish trend is ahead? Critical triggers and stop/loss suggestions for these indexes are included in tonight's ShepWave Updates.
The markets saw some interesting action Tuesday. Is the rally over? Notice in tonight's ShepWave the trend lines and targets are being hit...keep a close eye on the triggers and the stop/loss areas, especially if you are Long the market.
The QQQQ (NDX) may be our leading indicator for the...
Note that the QQQQ have filled the gap from two weeks ago. The SPY have not. There is also bearish divergence on the 60 minute time frame for the QQQQ. This could lead to an interesting week.
Are the U.S. Equity indexes 'ready' to continue their downward move? Just how much fu...
Read Thursday's Updates to see key triggers and targets. Of some importance is the action in the Volatiliy Indexes. On Television a 'technical analyst' gave a range of between 24-26 for the VIX. Keep in mind that 'any' range for any index, be it equity, commodity or a technical index is rare...
7. ShepWave Pre-Market / Intra Day Update for Tuesday. 2/8/2010 11:19:42 PM
Notice the SPY ETF came within 7 cents of our ideal short term bounce target. The Dow Industrials and QQQQ rallied a bit on Monday but did not give even a clear short term Buy Signal.
Pay close attention to the updates from Monday (both of them) regarding the Fibonacci Targets for this current ...
Traders, pay attention to the pootential short term buy signal triggers and target areas...and most importantly keep the Fibonacci Extension Targets for the indexes in mind over the next few weeks.
Folliowing the indexes and the trigger areas for the recent bearish move as shown in the recent ShepWave Updates, we see the mid to longer term trend really firming up. We have seen a nice move since the initial triggers began getting hit.
It is now time for some fibonacci extension work...
The recent Sell Triggers for the Indexes have seen confirmation. The U.S. Indexes are potentially seeing the beginning of a mid to longer term bearish move which is only precedented by the Signals that ShepWave has shown over the past few weeks/months/years. (Note the crossover of the 5...
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