ShepWave IMPORTANT MARKET UPDATES. TURN OFF THE CNBC!
Posted: 2/8/2018 21:59 EST
IMPORTANT INTRA DAY SHEPWAVE UPDATE FOR FRIDAY PUBLISHED AT 10:35 AM ET USA:
Many of you old-timers to ShepWave sold on the gap up open this morning for an aggressive position. Trading gaps is always a favorite at ShepWave.
So now what?
Well we have some short term technicals we are waiting to see work out--BUT, we do have a new key trigger area for short term and possible short--to--mid term traders.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Hello. We are getting swamped with emails--asking very good questions. Nothing makes us happier at ShepWave than to see our subscribers grasp the more complex details of technical analysis.
However we have only been able to briefly reply to the emails. We may have missed one or two.
Please mainly focus on reading the analysis in the charts and remember that basically the analysis in the 15 minute charts is for short term aggressive traders but does at times carry over into the short--to--mid term trend (swing traders).
ALSO--the indexes losing 10% is a short--to--mid term move in price action even if it does not fit the criteria for what we would anticipate in the amount of time it took to make that move.
Be ready for some more sharp-strong moves. This market is going to shake out a lot of weak traders--both on the bullish and bearish sides.
TURN OFF THE CNBC! Now is NOT the time to try to predict the news reaction. That is the one guaranteed way to lose every time.
IMPORTANT: please take note of the POSITIVE DIVERGENCE we are seeing as anticipated in the 60 minute time frame(s)--and the fact that some indexes have NOT given us that preferred prerequisite.
Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update NOW PUBLISHED.
The $179 Six Month Special Subscription Rate will be increased on Friday!
This is necessary to keep the subscription base within the bounds that ShepWave can continue a somewhat personal style of analysis. I am sure most of understand.
|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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