Important End of Day Update at 2:43 Published

Intra Day Update at 10:32. NOTE: Check for updates through out the day.

Important Intra Day Update Published at 9:38 AM ET

U.S. Equity Market futures are down at this time. Dow futures are about 147 below fair value. As you know trading gap opens can be very profitable.

The usual default rule is to buy on a gap down open and sell on a gap up open...gaps tend to fill. That is unless there are some distinct chart patterns warranting the gap not to fill. See the potential mid term chart patterns we are now facing. Also note the preferred short term trade for Monday.

Also keep in mind the key levels shown in the Regular Scheduled Update for Monday Parts I and II. There are key areas we are watching in the Equity Indexes themselves as well as Crude Oil and The VIX to give more clarity as to whether or not the markets have hit a key short to mid term top;

Mid to longer term traders will want to watch any mid term signals closely.

Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update