ShepWave IMPORTANT Updates for Thursday Published. Markets Remain Predictable!
by ShepWave.com
Posted: 3/21/2018 23:36 EST
11:46 AM ET USA. SECOND INTRA DAY UPDATE PUBLISHED:
This morning's gap down open is creating some interesting trading opportunities.
Keep things in perspective: remember we were anticipating the large gap down open of this past Monday--and in fact saw the Island Reversal pattern in the QQQ/NDX.
For now we have a gap open from this morning that for most of you seasoned traders--should raise a concern, with regards to trading strategy.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
IMPORTANT INTRA DAY UPDATE FOR THURSDAY:
Be careful on this morning's gap open. The gap down open we saw on Monday worked out as anticipated--especially with regards to the QQQ/NDX.
This morning's gap down open presents a little bit of a different scenario. Take cautious measures. These types of markets do tend to shake out weak traders.
Remember--when we see any gap open in the major indexes--the rule of thumb is to always be anticipating the gap to fill, at least eventually; unless there are particular GAP PATTERNS we are watching to unfold.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Please read the TWO ShepWave Updates for Thursday carefully.
Most of you have been traders for at least a decade or two. If you are a newer trader please at least go through the past week or so of updates showing the flow of analysis ShepWave has been giving in the various time frames for the QQQ/NDX.
Notice how nicely the gap down open for Monday (and potential Island Reversal) obtained, as anticipated--and then see what we are now focusing on as our next trigger signals (see the 60 minute QQQ chart for Thursday for these new trigger areas)
AGAIN--YOU JUST CAN'T MAKE THIS STUFF UP!
Read the Regular Update for Thursday published--showing the critical daily time frame charts and analysis for the major U.S. equity indexes, Crude Oil, GOLD, and the VIX.
LONG TERM TRADERS and INVESTORS: Read the critical notes that apply to you. Notice how nicely a key trend line has come back into play. A trend line we have had in place for more than a year.
We have some important TECHNICALS for the major U.S. equity indexes on the daily time frame--wedge patterns of last week now playing out exactly as anticipated.
CRUDE OIL TRADERS: Notice how our BUY TRIGGER given for Monday has play out as anticipated. NOW WHAT? Crude ready to reverse?
G0LD--is at a critical level. Read new notes closely. NEW WEDGE PATTERN HERE!
Also--read the Pre-Market / Intra Day Update for Thursday
Log In at http://www.shepwave.com/ for Thursday's ShepWave Updates.
$169 SIX MONTH ShepWave Subscription Special.
ShepWave $169 SIX MONTH Subscription special for our valued customers will end soon. Thanks to all of our regular customers of 14 years. This special offer is being extended to any new subscribers as well, for a short time only. [To current up-to-date subscribers, the six months will automatically be added to your expiration date.]
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. |
About my BLOG |
|
|||||||||
Su | Mo | Tu | We | Th | Fr | Sa | |||
1 | 2 | 3 | 4 | 5 | 6 | 7 | |||
8 | 9 | 10 | 11 | 12 | 13 | 14 | |||
15 | 16 | 17 | 18 | 19 | 20 | 21 | |||
22 | 23 | 24 | 25 | 26 | 27 | 28 | |||
29 | 30 | 31 |
Post back your comments What do you think of this blog entry? Post back your comments and let us know.
|