ShepWave Pre-Market / Intra Day Update for Tuesday Published.
by ShepWave.com
Posted: 8/21/2017 17:23 EST
Monday was a simple range bound day, but we did see some short term targets hit.
More importantly we now have a potential short term wedge pattern which has formed. Most of you are familiar with how to trade these patterns--and that it is my single favorite short term trading pattern to trade.
Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update.
IMPORTANT INTRA DAY UPDATES FOR TUESDAY PUBLISHED:
Again, You JUST CAN'T MAKE THIS STUFF UP!
IMPORTANT Intra Day Update Published:
Note that this morning we did see the SINGLE BREAK BUY SIGNAL as given in the short term charts analysis last night. This applies to short term aggressive traders.
And as well, we see that our ideal retracement targets are being hit.
So, now the question is whether or not the short to mid term sell signals will eventually be negated or not. Remember how we did see a nice succession of sell signals in that trend since the Tuesday (a couple of weeks ago) of our TIME-CYCLE TURN DATE when the Dow and S&P hit new highs as anticipated?
There is definitely a chance that we see a continued rally. We cannot be naïve. The biggest mistake traders make is after making some really good trading calls WE think we have it all figured out. PLEASE, do not make that mistake.
We are watching the short to mid term key areas closely. These have been covered in the recent ShepWave Updates and I will continue to go over them repeatedly.
Log In at www.shepwave.com for today's Intra Day ShepWave Update
| 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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