ShepWave TWO CRITICAL UPDATES Published
by ShepWave.com
Posted: 10/17/2014 17:54 EST
This past week was volatile. The week ended on a strong note but the indexes still ended in the red. Remember what I said in Monday's Pre-Market Update which was published prior to Monday's open:
"This is options expiration week so there is a good chance that we see some strong whip-saw action. Also during option expiration weeks I usually do not expect to see the trend change. So, maybe we will see some good whip-saw action but the week still ends in the red."
You just can't make this stuff up.
There are some critical technicals occurring currently that need to be understood thoroughly. I continue to see irresponsible reporting on the major financial news networks, namely CNBC. Please read the notes and analysis carefully in the two updates published today.
There is a Special Weekly Update published, showing the weekly time frame analysis for the major equity indexes as well as crude oil, gold and the VIX. This update is very important for longer term traders and/or investors.
Also the Regular Update for Monday has been published showing the techncials using the daily time frame for the same indexes as listed in the Weekly update.
Log In at www.shepwave.com for these TWO CRITICAL 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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