ShepWave Pre-Market / Intra Day Update for Wednesday.
by ShepWave.com
Posted: 7/24/2018 23:36 EST
ShepWave Pre-Market / Intra Day Update for Wednesday Published
Most of us here at ShepWave have been trading for many years. We know that at key market turns there will be an apparent effort to shake-out weak traders. That is what I believe is happening currently.
TIME-CYCLE TURN DATE coming: I have had numerous emails asking when the next TIME-CYCLE TURN DATE will occur. The problem is that the next key TIME-CYCLE TURN DATE also has coming with it some seasonal factors.
The recent market turns have been easy using this cycle. For example the May 3rd and June 28th lows just being two examples of support areas demonstrates how this recent TIME-CYCLE TURN DATE--has played out perfectly--UP TO NOW!
Also--the fact that the TIME-CYCLE has been playing out so well for over a year now--others are catching on. We have had ShepWave subscribers send reports from other analysts copying what we have been saying regarding CYCLES. That is a definite sign that it is going to end.
Again--I suggest thinking back to the night of the November 2016 U.S. presidential election. Late that evening the Futures for the DOW Industrials were about 1,000 points or more BELOW fair value. That created the pivot area--from which came the support to correlate with the TIME-CYCLE TURN(S) that have lasted since that time. THIS IS ABOUT TO CHANGE! IT IS GOING TO CHANGE ABRUPTLY! BE READY!
Despite the TIME-CYCLE TURN DATES we give--there is no substitution for using the actual trade triggers.
Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update.
The $169 SIX MONTH SUBSCRIPTION SPECIAL STILL IN PROGRESS! For Now. IT IS ENDING!
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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