ShepWave Pre-Market / Intra Day Update for Wednesday. BIG MARKET MOVE COMING!
by ShepWave.com
Posted: 4/3/2018 20:58 EST
IMPORTANT Intra Day Update for Wednesday Published:
The Wave Count preference given yesterday is what we need to be focusing on.
GAP OPENS: Many of us have been trading gap opens for years--and this morning's was a nice one to buy. However--remember that is a short term aggressive trade.
Read what we would need to see in the major indexes to cancel out our key short term trend view--and target.
Markets are not for the weak! Currently they are purging out weak traders and we look for them to purge out many more in the next few weeks.
Be Ready!
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Another major market move is brewing.
The whip-saw activity of the past few weeks should pale in comparison with the next move.
BE READY!
If you have been following along and saw the all time highs in the Dow Industrials and SPX hit in late January coincided with a key TIME-CYCLE TURN DATE; and then saw the Island Reversal SELL SIGNAL (primarily for the QQQ/NDX) triggered on March 19th---well you will be interested to know that as of now it is very likely that the major U.S. equity indexes have a short--to--mid term wave pattern that puts the preferred wave count as a potential Wave 3 of Wave 3.
Things could be heating up in a major way. IMPORTANT: also look for what we are watching to contradict this preferred view of the major U.S. equity indexes.
Log In at www.shepwave.com for Wednesday'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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