ShepWave Pre-Market / Intra Day Update for Wednesday.
by ShepWave.com
Posted: 5/26/2010 01:46 EST
Short term traders have had some easy triggers and targets for the past few weeks. The coming trading sessions could be getting a bit trickier. Pay close attention to trade triggers, targets and certain parameters ShepWave is seeing in the Indexes.
The Bearish trend is strengthening due to (1) the fact that the indexes are showing impulsive clear bearish wave movements. Caution should be used in all long side positions, no matter what time frame you are expecting to hold them. Also, (2) Crude Oil gave a weekly SELL SIGNAL confirmation last week, so bearish action could be picking up steam now.
Log In at www.shepwave.com for Wednesday'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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