ShepWave Pre-Market / Intra day Update for Tuesday Published.
Posted: 6/11/2018 23:03 EST
Be careful traders. The indexes have seen a nice run-up from the anticipated recent low of May 3rd (most recently)--and the aggressive call by ShepWave to GO LONG EQUITIES on that morning.
Remember as well the wedge patterns given in the Daily Time frame chart--mainly the SPX.
Tuesday's update gives some new trading notes and analysis for short-to-mid term (swing) traders.
Please trade carefully and within your own limits and abilities. Also take into account your own risk tolerance level.
During holiday weeks--especially of the Summer--it is normal to see some
range bound Island patterns that are volatile on a short term basis.
Do not let this throw you off.
Also please take notice of the recent gap patterns and that we may see a short term rotation of sorts between the indexes.
POTENTIAL CRITICAL TIME-CYCLE TURN DATE coming for major U.S. equity indexes coming.
Log In at www.shepwave.com for Tuesday's Pre-market / Intra Day ShepWave Update.
The $169 SIX MONTH Subscription Special is ending.
|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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