ShepWave Pre-Market / Intra Day Update for Tuesday. Follow ShepWave SIGNALS--NOT EMOTION! TIME-CYCLE TURN DATE COMING!
Posted: 1/22/2018 21:13 EST
As anticipated the major U.S. equity indexes remain highly predictable even for those of us who like to trade aggressive short term positions.
After multiple decades in the markets, most of us here, have pretty much seen it all. While there are many who are getting emotional over the continued rally in the major U.S. equity indexes--and keep screaming that they are overbought--the indexes keep going UP, UP, UP!
That is nothing new!
Remember, take the various time frames as presented by ShepWave in the context of their aggressiveness nature with regards to one's trading and/or investing style and risk-tolerance.
Based on emails most of you are following signals. It appears to be the overly aggressive traders and investors who wish to enter into positions PRIOR to the triggers (for the associated time frame) who are (1) missing trading opportunities, and (2) in a sense are driving the indexes higher.
Remember again, we have a key TIME--CYCLE TURN DATE coming which will likely have implications for major equity indexes over the next two weeks.
Log In at www.shepwave.com for Tuesday'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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