ShepWave Pre-Market / Intra Day Update for Friday Published
by ShepWave.com
Posted: 3/27/2014 20:07 EST

We have seen some key technical patterns lately. I have been receiving some emails that show some genuine interest in learning more detail regarding these tools of trading. So, I have stopped in my driving today to publish this update early. (Yes, it has been a hectic day/week...and I am missing basketball today, which stinks.) This Update contains more clarification as to the wedge patterns that we have seen a lot of since the first of the year and continue to be profitable and very predictable patterns.

The wedge pattern from last Friday to Wednesday worked out well. But that was coming down from a high. The one that we have from Thursday's intra day action is a bit trickier. The key is to become familiar with these patterns so as to be able to fit trading these patterns into your own trading style.

So, read all the notes and analysis in this Update. But in particular I have posted the pertinent trading notes below the 15 min SPY chart below.

The predictability and profitability of the markets should remain. In fact we could see a quick 10+% move in the indexes begin shortly. The strategies that we use may change depending on the signals.

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

New Trades Entered Friday after making some changes and taking profits Thursday. See Friday's Intra Day ShepWave Update

We had someone email us today asking if we 'rigged' the markets here at ShepWave. The answer is no we do not. But if you have been following along for the last....oh I don't know, several years or so, you will see that the markets are indeed predictable; and that as long as one uses suggested stops and is able to take a risky trade once in a while, that there are a lot of profits to be made in the US equity markets.

Two Position Changes have been made today. One of these changes is that we have entered into a New Options Trade.

Log In at www.shepwave.com for today's Intra Day ShepWave Update.

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