ShepWave
ShepWave.com
ShepWave.com
Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
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ShepWave

ShepWave Pre-Market / Intra Day Update for Monday Published
by ShepWave.com
Posted: 11/27/2011 23:48 EST

Note that the ideal initial bounce targets were hit, then (now) we are seeing what seems to be a bearish reversal. Is the rally over already?
 
Log In at www.shepwave.com for today's Intra Day ShepWave Update, End of Day Notes
 
 

 
Important Intra Day Updates Today!
 
Log In at www.shepwave.com for today's Intra Day ShepWave Update
 

Keep the analysis shown in the longer term time frames as given in Updates I, II and II published this past weekend in mind during the coming weeks. The analysis given in those updates shows the important nature of the coming action.
 
Also note the key areas we are looking for in Crude Oil and the VIX which will also help confirm the equity trend. Refer to Update III for this information.
 
We have seen some key SELL SIGNALS which have been profitable. Remember markets do not go straight down, and that there is always a bullish wildcard in any market.
 
The U.S. Futures are rocketing at this time. The Dow Futures are 137 above fair value at this time.

Following along with the recent short to mid term trend/resistance line we should see a single break of this line. Whether or not this will be a tradable rally should be revealed shortly. SEE TARGETS!

Log In at www.shepwave.com for Monday'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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