ShepWave Update.. Big Week next week. FOMC meeting.. Revised GDP.. Ready to profit?
by ShepWave.com
Posted: 6/24/2006 14:07 EST
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I have published Monday''s update today to show some potential patterns for the upcoming week. We should have a confirmation Monday or Tuesday of the short to mid term trend. Look at charts closely to see what we are looking for to confirm current positions. It is a big economic data week coming up. FOMC meeting and revised GDP for Q1 could be critical data. Click here to see Economic Data out this next week.
To be BULLISH or BEARISH.?. that is the question. I show what needs to happen to strengthen either case in today''s update. WE should have a confirmation by Tuesday. S&P 500 charts are possibly being very revealing as to the next significant move in the markets.
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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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