ShepWave Update Published. Market Volatiliity to be expected??
by ShepWave.com
Posted: 7/1/2007 22:44 EST
I waited to publish the regular scheduled update for Monday morning. I wanted to see how the futures markets were trading. S&P futures are up over 3 points at around 10:00 P.M. ET. So, maybe the fears of the terrorist activities this weekend won't effect the open on Monday.
We can expect some volatility in the coming weeks. Last week the Dow hit our target area but didn't break through this area. The same area as shown in last week's updates remains a key target. Even with all of last week's volatility the Dow ended up .36%. ShepWave identified a few short term trading opportunities last week for aggressive traders to pocket some nice profits. The Month of June ended down 1.61%. The Mid Term trend is still in question. ShepWave will continue to show key areas and targets for short to mid term traders. Long term trend lines have been crossed recently....but no confirmation. We will be keeping our eyes open for this confirmation. I think it is safe to say that some mid term volatility is coming. Targets and trading disciplines are shown in tonight's 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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