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.
The Nasdaq indexes continue to make new recent highs..while the Dow and S&P have come within just a few points and could not crack the highs set on June 1.... Will the Dow and S&P index drag the whole market down or will the Nasdaq Indexes bring it UP?
I waited to publish the regular scheduled update for Monday morning. I wanted to see how the futures markets were trading. S&P futures are up over 3 points at around 10:00 P.M. ET. So, maybe the fears of the terrorist activities this weekend won't effect the ...
What are the implications of the failed rallies for the past two days? Key trend channels for the short term are holding. Some longer term trend lines have been broken. Targets and possible trading strategies in today's update.
I have published a second ShepWave update today. Some very 'key' technicals occurred today. Please read recent updates closely for targets and possible EWT counts.
Market Watch has changed their headlines a bit from yesterday... a bit more cautious than yesterday's attitude of a definite rally this coming week. They read as follows:
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