ShepWave UPDATES for Thursday. VIX TRADERS BE READY! NEWLY IDENTIFIED WEDGE in RUT!
Posted: 6/7/2018 00:04 EST
TWO INTRA DAY UPDATES PUBLISHED THURSDAY:
Based on emails--some of you may be trying to enter aggressive positions without the ability to exit or institute a stop/loss if necessary. This is dangerous trading/ investing.
The two Intra Day Updates published today show some additional guidelines to be watching--so you do not get into a losing trade. Options traders need to be very careful. I see too many of you get into risky positions as a hunch.
Please--turn off the CNBC and Stay Objective.
Log In at www.shepwave.com for today's Intra Day ShepWave updates.
The Regular Update for Thursday has been published.
In this update, of particular primary importance you will want to note the correlation of the wave count and potential trade signals in the Dow Transportation index as compared to the action in the S&P 500 index. This is in direct connection to the wedge pattern and ideal targets being hit in the SPX as well as the Dow Industrial index and its projected targets. Once again, this is primarily based on the wedge pattern we identified many weeks ago.
Again, YOU JUST CAN'T MAKE THIS STUFF UP!
WTI Crude Oil Traders be on alert. So far the signals we have been seeing in the WTI CRUDE OIL index have been spot on and could directly affect the equity indexes. Again, see the potential trade signal coming in the Dow Transportation index.
GOLD traders--nothing new here. Use same guidelines as we have been showing.
VIX traders--YOU ARE ON DECK! Be ready. If the trigger in the Dow Transportation index gets triggered THEN you will want to be ready!
Log In at www.shepwave.com for the Regular ShepWave Update for Thursday.
The Pre-Market / Intra Day Update for Thursday has also been published. Notice the new pattern in the 60 min chart for the Russell 2000 index.
|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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