ShepWave Updates for Monday Published. Markets still at a very critical point. Volatility will probably remain to provide more profitable trades.
by ShepWave.com
Posted: 7/25/2011 00:40 EST
As ShepWave has been saying for the past three weeks the U.S. Equity Indices are at a technically very critical point.
The Chart Pattern we identified last week could be working out nicely. This is a favorite pattern to trade off of and can usually provide some strong short to mid term profits. In this case it may even be a forward indicator for longer term Investors.
Read Regular Updates parts I and II (covering the longer term analysis for U.S. Indices) published on July 9th. Refer to Update I Published this past weekend for the Trigger Signals on the Daily time frame for the SPY, Dow Industrials and Dow Transportations indices. Also note the analysis for the NDX (QQQ). Read Update II publisshed this past weekend covering analysis on Crude Oil, Gold, GLD, SLV (Silver) and VIX (volatilty index).
The Pre-Market Update for Monday shows the critical signals on the 15 and 60 minute time frame for the Indices. Note that the Swing trade position we scaled in on Wednesday and Thursday may be exited this week. This could work out very well.
Watch TRIGGERS and Targets closely
Markets are heating up.
Log In at http://www.shepwave.com/ for Monday's Pre-Market / Intra Day ShepWave Update.
The ShepWave Eight Year Anniversary Subscription Specials ($60 Three Month Subscription and $99 Six Month Subscription) will be ending soon. We will begin a referral program for subscribers. For every new subscriber you introduce to ShepWave we will add one month on to your subscription.
Also keep in mind that eventually access to the Intra Day Continuous Updates will be an additional charge for those who are not current subscribers to ShepWave. Rates will not be raised for current subscribers at the time we start this new subscription package.
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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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