ShepWave Pre-Market / Intra Day Update for Tuesday. FUTURES UP! How much higher for stocks?
by ShepWave.com
Posted: 1/15/2018 20:54 EST
We have received many emails today regarding the futures being UP once again.
Since the short term buy signals (in the major equity indexes) of several weeks ago, we have not seen any real change in wave movement--with regards to a short-to-mid term bearish signal.
Most of you are catching the buy and sell triggers. That makes us very pleased!
BE READY FOR A QUICK TURN IN INDEXES!
Remember that gap up opens will fill at some time. But, to try to read-in a sell signal prematurely has cost many overly aggressive traders/investors much.
Please take into consideration the time frame(s) and the analysis as given in the various time frames. The 15 minute time frame analysis is typically more aggressive. The 60 minute time frame is mostly useful for short--to--mid term traders--or commonly called Swing Traders.
PLEASE READ ALL NOTES AND ANALYSIS.
We have another TIME-CYCLE-TURN DATE COMING. I will give more information regarding this later.
Log In at www.shepwave.com for Tuesday's Pre-Market / 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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