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.
Two very important updates for Monday have been published. This last week traders saw the signals to make money on both the long and short sides of the markets. The bearish positions enabled some good profits being realized.
That was a profitable move Thursday. Those who took the aggressive trade mentioned Wednesday evening to add to a QID position on any strength Thursday morning did well. But note that we took profits off the table at the end of the day.
The major indexes saw "outside down" days Thursday. Y...
The two updates for Thursday have been published. Note the action in Crude Oil. This is critical.
There are some trades for Thursday morning. Read the notes regarding the different trades closely. The QQQ/NDX related trade is the preferred trade in my opinion.
The futures are down slightly at this time. Wednesday's open could be very important. The chart patterns have been working out nicely, and as anticipated. But it is very important not to be too overconfident.
The futures are about flat at this time. But do not let this fool you, Tuesday should bring some good trading action. See the strategy ShepWave is using at this time in this Update.
We locked in some profits Monday but left half of the current short to mid term po...
The markets remain predictable and profitable. The potential Island Reversal is still alive, but there is some critical analysis on the 60 minute time frame that needs to be considered.
There are some very important technicals in the market currently. Will the rally continue? How much higher? The next three days are going to be very important. See TRIGGERS.
Tuesday's action has set up a favorite potential trading pattern which should come to fruition over the next few days. If you took the buy signal Tuesday use stops to lock in profits.
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