ShepWave

ShepWave IMPORTANT Updates for Thursday Published
by ShepWave.com
Posted: 2/15/2017 17:26 EST

Do all of these gaps and Island Reversal patterns signal anything of importance to you? Well for those of you who have been trading actively for a few years you will remember that it is exactly this type of choppy opens (gaps) and Island patterns as well as wedge patterns that have been present at key market turns--or trend changes-- of the past.

For those of us who have been at this for 20-40 years or so, we recognize too well the potential significance of these patterns. Remember back in the fall of 2002 when we were crushing the market--being short the markets--form April until we saw similar patterns in September and October of 2002 and then a major reversal occurred  taking the Dow from the low 7,000s to above the 14,000 area in just a few years?

Well now is not the time to be complacent. We will need to follow the technicals very carefully in the near term to watch for a similar type of market transition.

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Three very important updates for Thursday have been published. The time frames included in these these updates are the weekly, daily, 60 minute and the 15 minute time frames.

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ALSO: THERE IS A VERY IMPORTANT NOTE IN THE VIX.

NOW IS NOT THE TIME TO BE COMPLACENT. TURN OFF THE CNBC!

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Log In at www.shepwave.com for Thursday's IMPORTANT ShepWave Updates.

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Patience is sometimes the key. The markets have been in a range bound short to mid term trend for some time.  THIS WILL END.

In fact it could end sooner than what some are saying. The key is to watch the technicals.

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Click Here  and Click Here to see recent time stamped charts with markets calls. These are periodically changed to show the wide range of vehicles that ShepWave covers.

 

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$129 One Year ShepWave Subscription Special.

ShepWave $129 One Year Subscription special for our valued customers will end soon. Thanks to all of our regular customers of over 13 years. This special offer is being extended to any new subscribers as well, for a short time only. [To current up-to-date subscribers, the one year will automatically be added to your expiration date.]

13 year anniversary

 

 

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.