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.
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:
Yes the indexes ended lower this week; making the bears happy and the bulls a bit sad. BUT, the recent technicals should be analyzed on a longer term basis for some very possible indications of more 'big moves' in the indexes giving short, mid and longer term traders some great tradi...
Interesting day Wednesday. Notice the Dow closed above its intraday high set on Monday. This could be a key indication. Read tonight's update closely. Will the Fibonacci extension target of 14,051 get hit for...
After such an interesting day of trading Tuesday I have published an important update to clarify short to mid term trends and EWT counts. I show some different counts and what needs to occur to confirm the counts. ShepWave's "preferred" EWT count is working out well... so far. ...
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