If you were following along Wednesday for the intra day action you saw the projected action as shown in the 15 min SPY chart, and how well that projected action worked out. In fact the preferred wave count for the DOW and the SPY is now being based off of Wednesday's action in those indexes (ETFs). You cannot make this stuff up. The action Wednesday was 'picture perfect' and predictable....as the markets have been lately.

 

 

The indexes showed some critical technicals being hit on Wednesday. Is the rally ready to resume? Read notes closely. See trading strategies as well as trigger areas and targets.

 

 

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We continue to see important techncal action. There are some very critical technicals we are watching today to support the mid term trend view.

Also see current trading strategy, triggers and targets in this update.

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11:50 Intra Day Update. TRADE NOW OPPORTUNITY

The charts have presented us with a short term aggressive trading opporrtunity. Read the notes closely in this update. Keep an eye on the trigger areas and targets.

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

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1:54 PM IMPORTANT INTRA DAY UPDATE

We are seeing a very critical pattern which has been formed. It is a wedge pattern; one of our favorites to trade off of at ShepWave. See this afternoon's trade based off of this pattern. This is also important for mid term traders.

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

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2:19 P.M. Important Update

IMPORTANT NOTES regarding today's action and trading has been published.

The wedge pattern gives us specifics to work off of which do tend to make things a bit clearer, for the short term anyway.

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