ShepWave IMPORTANT Pre-Market / Intra Day Update for Friday PUBLISHED.
by ShepWave.com
Posted: 8/10/2017 16:27 EST

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

Markets following trade set-ups and triggers nicely.

Now What?

Last Thursday evening I was writing about what a picture-perfect top we were seeing in the Dow Industrials index. Also, I mentioned the potential TIME-CYCLE TURN DATE of between Monday and Tuesday for seeing a potential short to mid term top. So, so far so good. We cannot be over confident yet. But you have to admit, things have come together nicely. (Note: this does not mean  I am calling an all time high with this turn date; that would be sloppy analysis and trading. In fact we may have just seen a really good head-fake.)

What are the markets coming together for?  Perhaps the Perfect-Storm. But don't get the hurricane memorabilia out just yet.

Most of you have been with ShepWave for a while and have learned to keep emotion out of the mix. That is something that we all have to keep an eye on regardless of how long we have been trading / investing and no matter how astute we believe we are at predicting market moves.

So, let's move on here and look at the scenario.

We could be going into a form of Crisis-mode market time. Many of us were actively trading (day trading and swing trading) when 911 (September 11, 2011) happened. Remember it ended up being a good buying opportunity once the markets reopened and things calmed down after a couple of weeks. We must be careful making too many assumptions on a possible or even real Crisis.

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

 END OF DAY VIX NOTES:

Evidently a lot of you have been using the VIX analysis from ShepWave. I personally do not trade the VIX, nor do I recommend doing that--but it does serve as a useful tool in gauging the market moves; this has been proven again this week.

Two new charts have been added to today's Intra Day ShepWave Update: a 60 minute VIX chart and a Daily VIX chart. Read the notes closely.

The other charts in today's Intra Day Update have not been changed from the earlier update.

There will be three updates published for Monday; the first one will be published later this evening.

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