ShepWave Regular Scheduled Update for Monday.
by ShepWave.com
Posted: 5/23/2010 22:06 EST
Futures are down a bit as of 9:45 AM ET. Pay close attention to the short term trigger confirmation areas as shown in Recent Pre-Market and the Regular Scheduled Updates. Bottom Line: The technicals are supporting a key top in the markets has been hit.
Be careful assuming anything...watch for clear confirmation signals.
Log In at www.shepwave.com for Monday's Regular Scheduled ShepWave Update.
Pre-Market Update for Monday published at 1:30 AM ET.
Crude Oil has been a leading indicator so far in helping strengthen the bearish mid to longer term trend even in Equities. The fact that Crude Oil saw a SELL SIGNAL on the weekly time frame recently (and showed weakness on the monthly time frame) could be weakening any potential short term rally. So LONGS, be careful. Follow triggers and potential target areas as given by ShepWave.
Log In at www.shepwave.com for Monday's Pre-Market / 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. |
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