ShepWave Pre-Market / Intra Day Update for Tuesday Published. TIME TO TAKE PROFITS?
by ShepWave.com
Posted: 10/2/2017 22:19 EST
Intra Day Update for Tuesday Published:
Not many new notes for our analysis intra day, as given for the pre-market. The major U.S. equity indexes continue to move in a bullish short to mid term trend.
Yes, there is a good chance we see an abrupt change in trend--but you will still want to watch for the key sell triggers.
Based emails some of you did take the (at the time aggressive) buy signals of around August 22nd. Some of us have been hedging positions for months now--and as I was recommending to aggressive and knowledgeable options traders, getting into quick positions of Strangles and Straddles was a good idea--and some of you are profiting from the short term pops using those strategies. Please stick to the strategies you are best familiar with using the technical guidance. Some of the strategies do require for one to be watching for the critical moves continually. Personally, I cannot do that; but I am glad some of you do have the time to do so.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
We enjoy nothing more at ShepWave than receiving emails from our subscribers who have made lots of profits in the markets based on ShepWave signals.
The wedge pattern and BUY SIGNAL(S) we identified around August 22nd have worked out well for a lot of you. We are glad. So, now what? Will the markets continue to rally?
Well, there are some bullish indications in some of the charts. You will definitely want to be ready for a potential trend change at some time--but we need to watch for appropriate signals.
Log In at www.shepwave.com for Tuesday's Pre-Market / Intra Day ShepWave Update.
The $139 ShepWave Subscription Special will be ending. Typically I would cut off new subscribers but we will try to leave open subscription open for a short while longer. But, we are at our maximum number now.
| 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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