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.
10:30 PM ET Election Pre-Market Update #2 Published
The race is about tied for the Presidency of the United States, yet the Futures are down. Dow Industrial futures are down about 80 points at this time.
The markets continue to be very predictable...therefore very profitable. We are seeing a set-up for a potential quick 8-10% move in the equity indexes. See analysis, triggers and targets for the Equity Indexes as well as Crude Oil, Gold, GLD, SLV and the VIX in Monday's Update....
Note the change in the daily view of the indexes covered within the Regular Scheduled Update from last Thursday (published last Wednesday evening). The action in the daily time frame is confirming our preferred view. But caution is always warranted. ALWAYS trade within the guidelines of your ow...
We are seeing some critical action today. Remember the short term wave formations are usually a heads up to market moves. Note the short term TRIGGERS in this update. Also see targets.
What a week. Technicals are working out nicely in the Equities as well as in Crude Oil, GOLD, GLD, SLV and the VIX. Note the confirmation signals and targets for this next week. Things could really be heating up now.
Based on emails it appears subscribers have been able to make some good profits on both the long and short sides of the indexes this week. The bounce targets were nailed and we saw the reversal as anticipated. The bounce and reversal in the QQQ has been exactly as anticipated. Use Stops to LOCK...
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