ShepWave Pre-Market / Intra Day Update for Tuesday. 4th of July Fireworks==Tight Range Volatility? Not for long!
by ShepWave.com
Posted: 7/2/2018 16:53 EST
IMPORTANT: Intra Day Update for Tuesday, July 3rd.
The short term wedge pattern identified by ShepWave for the SPY/SPX is now clear in the Dow Industrials index as well.
Remember the implications of this type of pattern: many traders will react the coming volatility and whip-saw activity and panic. Compare the action we are seeing in these 15 minute and 60 minute charts with the daily time frame charts as shown for Monday's Regular ShepWave Update.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
We at ShepWave are aware that many of you are traveling this week. Still we suggest you logging into your ShepWave account to see the Updates on your Smart-Phone. ShepWave site has been adapted to the Smart-Phone format.
Expect some short term volatility and some key positioning for swing (short-to-mid term) traders.
Log In at www.shepwave.com for the Pre-market / Intra Day ShepWave Update.
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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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