ShepWave Intra Day Update
by ShepWave.com
Posted: 7/1/2016 14:01 EST
This snap-back rally has now filled the gap from last Friday's open. Also we are seeing the mid term resistance levels being tested.
Is the correct implication from this snap-back rally that the markets are ready to move higher? It is very important to consider the technicals we are seeing,. Many traders get caught up in the emotion of the current move. They often fail to see the correct implications of a move, even of an impressive snap-back rally. Log In at www.shepwave.com for today's Intra Day ShepWave Update.| Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
|
| About my BLOG |
|
|||||||||
| Su | Mo | Tu | We | Th | Fr | Sa | |||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |||
| 8 | 9 | 10 | 11 | 12 | 13 | 14 | |||
| 15 | 16 | 17 | 18 | 19 | 20 | 21 | |||
| 22 | 23 | 24 | 25 | 26 | 27 | 28 | |||
| 29 | 30 | 31 | |||||||
|
Post back your comments What do you think of this blog entry? Post back your comments and let us know.
|
