ShepWave REGULAR Update for Thursday.
by ShepWave.com
Posted: 5/3/2017 16:58 EST
We continue to see some very important market technicals.
We have had a nice move in our Russell 2000 related trade last week---use stops to guarantee that you lock in profits. You are sitting on some very nice profits currently; don't forget the analysis for the markets in general.
Crude Oil traders, you have a key trigger area you are dealing with currently. Do not be too anxious, but follow guidelines.
GOLD traders, we took some profits today. We are looking to reposition ideally by the end of the week.
Regarding the VIX, this update should clear up some of the confusion that we have been seeing among analysts. It is not as difficult as many try to make it out to be.
The equity indexes in general are providing some predictable patterns despite the recent trading range. This trading range is about to change. BE READY!
Log In at www.shepwave.com for Thursday's Regular ShepWave update.
Due to the critical nature of the markets currently ShepWave will probably suspend new subscribers for a brief period of time soon.
The second update for Thursday has been published.
Please pay close attention to the wave patterns we have identified. Also, there is a short term Elliott Wave Theory wave count in one of the charts. (Note all short term wave counts are speculative. But most EWT analysts, so-called, do not reveal that.) This will give us some short term targets to work with.
Signals are working well. Remember we are planning on doubling our short term positions soon; ideally this will happen by Friday or Monday. The recent trading range will end soon. BE READY!
Also, keep in mind the Time-Cycle Turn Date coming in May. This is going to be an important date.
Log In at www.shepwave.com for Thursday's ShepWave Updates.
Our three recent Treasury Bond charts combine to show you trader sentiment, price action and important near-term turns and trends.
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This article was syndicated by Elliott Wave International and was originally published under the headline Recall This Bond Trader Chart? Here's What Happened. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
| 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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