ShepWave Regular Scheduled Updates for Monday.
by ShepWave.com
Posted: 7/11/2010 16:30 EST
Monday's Pre-Market / Intra day ShepWave Update Published.
Whether Long or Short, or looking to go Long or Short the markets have been very accommodating lately. Remember, realizing PROFITS is the name of the game.
Tonight's update show that the current charts are no exception. Take close notice of the different trigger areas on the different time frames in Monday's Pre-Market Update.
Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update.
Monday's Regular Scheduled Update Published.
It was just a few weeks ago that ShepWave was watching the 50 month and 200 week moving averages on the Dow Industrials and S&P 500 Index to provide resistance for the mid term rally. This area provided resistance as expected. But, was the recent top a Key Top for the U.S. Equity Indexes? There are several technicals we are watching in the shorter and mid term time frames to confirm trend.
The BUY SIGNAL last week gave some nice profits. Follow the suggested stop areas as shown, but most importantly use your own trading strategy and risk tolerance. This week we will be looking closely for signals to show whether the trend is reversing back to the dominant longer term Bearish trend OR has more upside left.
Log In at www.shepwave.com for Monday's Regular Scheduled 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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