ShepWave IMPORTANT Update for Wednesday. Markets TOO PREDICTABLE? Possibly--dont' get sloppy!
by ShepWave.com
Posted: 2/28/2018 00:21 EST
IMPORTANT Intra Day Update for Wednesday Published:
TIME--CYCLE TURN DATE COMING!
Please take special note of the current--key trend line and trigger areas.
The markets remain very predictable--but that is no reason to be overconfident.
Remember--even IF the rally from the February 9th lows is merely a corrective rally we will need to see triggers to clarify. Also, recall--how nicely the buy signal and intra day bullish reversal worked on Friday, February 9th? IT IS NOT TIME TO BE SLOPPY!
So far this year has been extremely predictable--as well as--profitable for the short term trading. That has me concerned a bit. It has almost been too easy.
Log In at www.shepwave.com for Wednesday's Intra Day ShepWave Update.
Lately, the short term aggressive triggers have been developing into short--to--mid term triggers.
The aggressive short term bearish signal we gave Monday worked out flawlessly--seeing the bearish reversal on Tuesday.
So does that bearish turn qualify for our TIME--CYCLE TURN DATE expectation? NOT AT ALL!
The markets remain predictable and profitable for traders paying attention.
Please note--that if this recent rally is merely a short term upward correction of the bearish move we saw in early February--things could be tricky.
Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update.
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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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