ShepWave Pre-Market / Intra Day Update for Friday.
by ShepWave.com
Posted: 7/9/2010 02:27 EST
The recent rally added to the indexes on Thursday. We have changed the time frames that we are concentrating on for the short term trernd in Friday's Update. The S&P 500 is always a key index that one needs to examine regardless of what is being traded. But, also tonight a close look needs to be taken at the short term action in the QQQQ (Nasdaq). The QQQQ could be a leading indicator of where the short to mid term trend in equities is headed.
Log In at www.shepwave.com for Friday'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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