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 past few weeks have given the critical signals to support ShepWave recent analysis. Some nice gains should have been realized over the past few sessions alone. The QQQQ have made a 20% move in two months. Remember, markets don't go straight up or straight down...but also don't...
Two important and favorite signals we have seen in the past week have worked out nicely and as anticipated. Can't beat making money in a 3%+ move for the Indexes in one day.
Now for the confirmation triggers to the short term trend. Note the 60 Minute...
Notice that last week's short term bounce target was almost hit in the SPY. But, the other indexes are lagging. The action of late last Friday needs to be noted. See the Pre-Market Update for Monday for some clarity.
Note that some key gaps which were left open were filled by Monday's bullish open and morning session. There are still 'some' bullish wildcards left, but note the triggers as shown in tonight's ShepWave Update.
Monday's ShepWave Updates have been published. A few weeks ago we saw a key Island Reversal which gave a very tradable mid term (swing trade) trading opportunity. The U.S. Equity Indexes could be experiencing another key topping process. The Updates for Monday show the key technicals fo...
ShepWave.com wants your visit to our web site to be enjoyable, informative and secure. We have gone to a large effort to use the most advanced security measures to allow this to happen.
ShepWave.com promises:
1. We do not give out your telephone number, address information, or screen names, unless you authorize us to do so. And we give you the opportunity to correct your personal contact email address information at any time.
2. We will keep you informed, about what we do with your personal information, and we will advise you if we change our policy.
