ShepWave Updates for Friday Published. Gap Up Opens for Equities Finished? Where are the metals and oil headed?
by ShepWave.com
Posted: 4/27/2017 18:08 EST

Two updates for Friday have been published.

SPECIAL Update for Friday. Special GOLD (Weekly and Daily) Charts; 60 min GLD charts; 60 min SLV charts; Daily and 60 minute GDX (mining) charts; weekly and daily Crude Oil charts.  Has been published.

The markets remain predictable; the third gap up open (for equities) as mentioned previously did happen for the Nasdaq today. New notes, guidelines and analysis covering the equities will be published shortly.

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Again, You JUST CAN'T MAKE THIS STUFF UP!

Remember that it was the gap up on Monday that presented us with a couple of potential chart patterns for this week? So far these chart patterns have worked out perfectly. The gap up (however only somewhat slight) open for the Nasdaq on Thursday may be the icing on the cake as far as this current pattern working out.

You will want to read the notes and what ShepWave is anticipating for the near future in the equity indexes as well as in the metals and in crude oil; there is a relationship that cannot be ignored here.

There is the formation of a new potential chart pattern that could signal an important long term move in the indexes by Monday. Please be aware of this potential.  Do not take the potential of this pattern lightly. Some of you were skeptical earlier in this week when I gave the possibility of three gap up opens for the week too. This particular pattern will be of importance to not only short term traders but mid term (swing) traders and longer term investors.

Note that ShepWave will be cutting off new subscribers shortly. We have now reached our maximum number of regular subscribers. This is necessary to enable us to continue a personalized service.  Thanks.

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10:38 PM ET USA. Thursday Evening. Additional Pre-Market Notes:

I have received a few emails regarding Friday's open--and addressing the fact that perhaps I gave too much attention to Monday's open and what to anticipate next week.  I did not mean to be confusing.

The notes for Friday have not changed basically from what I have been anticipating since Monday. So far this week has been very predictable. It is the coming action of next week that we need to be preparing for. It is at that time that we could see another sudden occurrence in the major US equity markets.

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IMPORTANT INTRA DAY UPDATES FOR FRIDAY PUBLISHED

Again, YOU JUST CAN'T MAKE THIS STUFF UP!

Please read the notes and analysis just posted in this intra day update closely. We are dealing with two--possibly three-short term patterns that will come into play probably early next week.

 Today's activity has been pretty mild, as anticipated--but we saw a nice move in the Russell 2000 index.  Our timing in the short term aggressive trade related to the RUT was perfect. Please use stops to guarantee profits and also remember that ideally I am looking to double positions as well as enter into some new short to mid term positons--ideally early next week.

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