ShepWave Pre-Market / Intra Day Update for Wednesday Publihsed. CAN'T MAKE THIS STUFF UP!
Posted: 10/10/2017 22:43 EST
INTRA DAY UPDATE FOR WEDNESDAY PUBLISHED:
Quiet day so far today in major U.S. equity indexes. Don't let that fool you!
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Again, you JUST CAN'T MAKE THIS UP!
Tuesday was day four of a potential important chart pattern. One of our favorites at ShepWave. GET READY!
Based on some recent email exchanges--a lot of us may sense a coming trend change for the major stock indexes; or possibly a steeper upward slope to the current trend.
I think we should stay objective. Based on our recent uptrend, from the short term bullish wedge patterns we saw around August 20-22, this trend should be about ready to change.
Pay close attention to the updated technicals and triggers. Remember we could see the Island pattern play into a nice aggressive signal.
Log In at www.shepwave.com for Wednesday'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 QQQQ and DIA.