ShepWave Pre-Market / Intra Day Update for Wednesday Published
by ShepWave.com
Posted: 8/26/2014 21:47 EST
Just as during the days of early August (roughly the 5th through the 8th) we were identifying the potential ending wave pattern in the equity indexes, now is another important time to be watching wave formation. Are the equity indexes forming a "break out" or a reversal pattern? There are not many new notes in Wednesday's update, but there is one important new note (see the 60 min Dow chart).
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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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