ShePWave Pre-Market Intra Day Update for Tuesday. NICE GAP SELL SIGNAL ON MONDAY! NOW WHAT?
by ShepWave.com
Posted: 3/19/2018 22:57 EST
11:38 AM ET USA. IMPORTANT INTRA DAY SHEPWAVE UPDATE:
In a sense, in looking at the major U.S. equity indexes, we have a Tale of Two Markets. Or perhaps, better, a Tale of Two or Three indexes.
The sell off we saw in the SPY and the QQQ/NDX (mainly) yesterday was easily identifiable PRIOR to the sell off. Remember ShepWave gave a single break specific mark in the QQQ to use as your sell signal.
So keep the trade within the scope of the time frame signal. Just because we made a very profitable bearish trade yesterday--and the indexes saw a sizable sell off--does not mean we are in a short--to--mid term bearish trend or that we can blindly trade assuming a crash is coming. The financial media sources have in-effect brainwashed traders and are making them lazy.
TURN OFF THE CNBC!
Stay Objective.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Is stock market volatility going to stick around for a while?
Since, the Nasdaq hit a new all time high, does this mean that the other equity indexes will do the same?
Remember--to follow analysis and key triggers carefully.
Recently we saw some critical gap patterns which we said would affect the indexes for the short--to--mid term trend.
THOSE GAP PATTERNS GAVE US THE *VISION* TO SEE THE AGGRESSIVE SELLING OPPORTUNITY WE HAD ON MONDAY!
You JUST CAN'T MAKE THIS STUFF UP!
Be ready for next move!
Stay objective and focused.
Please read notes carefully in Tuesday's ShepWave Update.
Log In at www.shepwave.com for Tuesday's Pre-market / Intra Day ShepWave Update.
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14 Year Anniversary
| 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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