ShepWave Pre-Market / Intra Day Update for Tuesday. This is a very important for U.S. Equity Indices. Triggers HIT on Monday.
by ShepWave.com
Posted: 7/25/2011 19:41 EST
We saw two potentially critical triggers hit this morning. Watch for the follow through. New Targets will be published depending on the chart action. The most important technical aspect of the recent action is that the potential Chart Pattern we identified last week could work out. This is a favorite pattern to trade off of and usually provides some nice quick profits for Traders. Today's close and tomorrow's open are very critical. Log In at www.shepwave.com for today's ShepWave Intra Day Update.
We are seeing some interesting technicals today. The potential chart pattern we identified last week could still work out. It has gone past the ideal number of days for formation, but it is still a good possibility. Traders note the key trigger areas and signals. The week should see some more volatiity. We have some critical economic data coming out later this week. Now is the time to get ready for a big move in the Indices. We stilll see a strong potential for a 5-10% move to occur sometime within the next week or two. Log In at www.shepwave.com for today's 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.
10:30 UPDATE
Note the confirmation signals and action we are looking for in this morning's trigger signals. Traders, use stops. Swing Traders, this morning's move could be very critical, read notes closely. Note the notes concerning the VIX (Volatility Index for NYSE).
Log In periodically through out the day today. ShepWave will be doing live continuous intra day updates all day.
Log In at www.shepwave.com for Today's Intra Day ShepWave Update.
IMPORTANT INTRA DAY UPDATE PUBLISHED AT 9:58 AM ET.
We have seen some key trigggers hit within the past half hour. Two of these triggers are very important to Swing Traders and Investors. One of triggers is a short term aggressive trigger.
Today's action is very critical. See triggers, stops and targets in ShepWave Updates.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
ShepWave will be publishing continuous trading analysis through out the day.
Read the notes in this update closely. Note the TRIGGER areas we have seen hit. Traders, USE STOPS TO LOCK IN PROFITS.
Also, note the triggers we are looking for to strengthen the mid term trend. Swing traders need to pay close attention to these areas.
Volatility may not be heavy today. But, later on in the week, if the triggers are hit, we can expect some volatile action.
Log In at www.shepwave.com for Today's ShepWave Update.
Futures are about flat as of 9:15 AM ET. Note that we had a short term Aggressive trigger hit late in the trading day yesterday.
Also note the other key trigger areas which are very important for Swing traders and Investors.
We will be updating all day today. I will not send out an email everytime, so keep checking today's Update.
Log In at www.shepwave.com for today's Pre-Market Additional Notes in today's ShepWave Update
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 Tuesday 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.
We saw some triggers hit Monday. See suggested Stop/Loss areas.
Markets are heating up.
Log In at http://www.shepwave.com/ for Monday's Pre-Market / Intra Day ShepWave Update.
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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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