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 Important Updates for Thursday Published
by ShepWave.com
Posted: 5/22/2013 16:58 EST

Is the FED threatening to take away the 'candy' from the stock market? Perhaps on Wednesday the markets got a taste of what it will be like once the nation's 'credit cards' are all maxed out. One has to admit the last several years of having the FOMC bank rate at 0% and the FED adding $85 Billion per month to the system has created a bit of a positive appearance in both (some) indicators for the economy and in an even more pronounced way in the Stock Market. But, is anyone thinking about the consequences?
 
Impressive intra day reversal on Wednesday. The Dow Industrials, SPX and the NDX all saw a rally to new highs only to close in the red and issue an Outside Down Day technical signal. In fact there are several important signals being issued at this time; most of them in the 60 minute time frame. Read the Pre-market Update for Thursday for these signals.
 
The Regular Scheduled Update for Thursday shows the critical analysis using the daily time frame. There are some definite key areas to be watching for investors as well as traders.
 
Log In at www.shepwave.com for Thursday's Important ShepWave Updates

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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