ShepWave Pre-Market / Intra Day Update for Tuesday.
by ShepWave.com
Posted: 8/31/2010 03:04 EST
Objective short term traders should be locking a lot of profits from the market action being so clear and predictable. We have seen some clear signals and the bounce targets (especially for the SPX, SPY) have been getting hit dead on.
The futures are down this morning, so watch for a gap down open. Remember that ideally we see all gaps from this point on fill. That is unless they are an Exhaustion Gap down (see August 22nd Regular Update). Read the notes pertaining the gap down potential for Tuesday morning in this Pre-market Update.
Log In at www.shepwave.com for Tuesday'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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