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.
ShepWave's BLOG

ShepWave

ShepWave Special Update Published. New Recent high coming for the Dow and S&P 500 indexes?
by ShepWave.com
Posted: 5/14/2007 22:06 EST

Well we got the action we were looking for Monday BUT if you notice the S&P 500 index DID NOT go above last week's high.  A new recent high for the SPX is not imperative for a trend change reversal but as shown in last night's update it could lead to a technical indication that would greatly strengthen a reversal if completed.  I show some short to mid term trading strategies and areas to watch for whether SHORT or LONG.
 
Click here for tonight's Special ShepWave Update.
 


 
Non Subscribers can read our brief notes posted on our page at Stockcharts.com  Click below.  
 
 
 
 
 

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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