ShepWave Pre-Market / Intra Day Update for Friday Published. NAILED THE INTRA DAY BULLISH REVERSAL FOR THURSDAY! NOW WHAT?
by ShepWave.com
Posted: 5/4/2018 00:13 EST

12:44 PM ET USA FRIDAY. IMPORTANT INTRA DAY UPDATE PUBLISHED.

Traders--please--be objective.  We have seen the Dow Industrials index rally over 700 points  since the aggressive BUY call ShepWave made late Thursday morning. Use some common sense with regards to your own trading. I have noticed some traders tend to be overly confident in whatever direction is the current short term direction.

As we have been saying expect more quick and sudden volatility or whip-saw market activity.

In this Intra Day Update some short term and mid term key targets are being approached. Now is not the time to be a sloppy trader.

Log In at www.shepwave.com for today's  Intra Day ShepWave Update.

BAM!  Can't Make This Stuff Up!

Once again--the markets remain volatile--yet highly predictable, and therefore profitable for nimble traders paying attention!

IMPORTANT: PLEASE READ the aggressive suggestion to BUY (or go long) the SPX or Dow Transportation indexes (specifically) in the Intra Day ShepWave Update for Thursday--published at 11:52 AM ET USA on Thursday. 

Notice that the SPX and the Dow Transportation indexes specifically were hitting key support areas at the time we made that call and the Dow Industrials index was negative 344 points when we made that aggressive BUY CALL--and the Dow Industrials closed the day in the POSITIVE--making quite the impressive intra day bullish reversal.

Review the Daily time frame charts and also go to the Trade Diary where we put in notes regarding this trade suggestion from Thursday Intra Day.

The key is to see the reasons why we would make such an aggressive trade suggestion during a time specifically when the markets were being sold off.  But it paid off beautifully didn't it?  So far---don't forget to stay objective.

ALSO IMPORTANT--just because the Intra Day BUY SIGNAL worked out so well, seeing quite the bullish reversal as we made that call--does not necessarily indicate we are in a strong bullish trend.  PLEASE FOLLOW ALONG CLOSELY WITH SHEPWAVE ANALYSIS!

Markets remain heated and volatile, yet predictable.

Log In at www.shepwave.com for Friday's Pre-market / Intra Day ShepWave Update.

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