ShepWave Pre-Market / Intra Day Update for Friday Published. TIME-CYCLE TURN DATE!
by ShepWave.com
Posted: 10/5/2017 23:45 EST
Pre-Market / Intra Day Update for Friday Published. TIME-CYCLE TURN DATE:
The upward spike we saw Thursday has implications for the coming trend.
So, does that mean that the major U.S. equity indexes are topping out? NOT AT ALL. Remember: UNTIL WE SEE A SELL SIGNAL WE DO NOT HAVE A SELL SIGNAL. Depending upon your risk level of trading, you could be seeing aggressive signals very soon that things are changing. But remember, even then we are always watching for confirmation signals. An objective trader never just blindly enters positions and lets them run assuming he is right.
But, we do have a potential TIME-CYCLE TURN DATE coming up. This also brings with it a possibility of a gap market finality.
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| 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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