ShepWave TWO IMPORTANT Updates for Thursday. MORE WEDGE PATTERNS--ISLAND PATTERNS! VOLATILITY COMING IN BIG WAY!
by ShepWave.com
Posted: 5/2/2018 22:23 EST
11:52 AM ET USA. IMPORTAN INTRA DAY UPDATE PUBLISHED:
It is almost laughable--the predictability of the major U.S. equity indexes.
After showing the short term aggressive WEDGE pattern just last night--notice we did see a sizable sell off today once the short term aggressive sell signal was triggered. So, is this the signal to bet-the-house on the bearish side? (Don't be fooled--be ready for reversal too.)
ShepWave has inserted a trading note for those mid term traders who are perhaps limited in the frequency with which they can enter and exit positions.
Be ready for more whip-saw and volatile activity.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
The indexes remain volatile--but predictable--and therefore profitable, for traders paying attention. Please read the Regular ShepWave Update for Thursday *before* reading the Pre-Market / Intra Day ShepWave Update for Thursday.
There is a reason why we publish both the Regular Update for Thursday, showing the daily time frame charts and analysis, as well as the Pre-Market Update for Thursday, showing the more aggressive time frame analysis.
Please read the Regular update for Thursday first. The new trend channels and critical technicals we are seeing in the daily time frames need to be kept in mind as the context for the shorter-term and more aggressive charting analysis as given in the Pre-Market / Intra Day Update for Thursday.
The Regular Update for Thursday has been published. This Update shows the critical daily time frame technical analysis for the Dow Indu, Dow Trans, SPX, NDX, RUT, WTI (CRUDE OIL), GOLD, and the VIX.
Log In at www.shepwave.com for Thursday's Regular ShepWave Update.
ALSO--the Pre-Market / Intra Day Update for Thursday has been published.
| 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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