ShepWave Pre-Market / Intra Day Update for Wednesday Published. TIME-CYCLE TURN DATES--and GAP/ISLAND PATTERNS Coming Into Play in a Big Way!
by ShepWave.com
Posted: 8/7/2018 23:27 EST

11:47 AM ET USA. Intra Day Update for Wednesday Published.

There are a couple of general-technical notes that traders will want to be aware of; one being that the gap down open from yesterday has basically been filed. This has potential critical implications.

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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.

The significance of the gap up opens in the SPX and $INDU need to be watched closely. ShepWave Traders for the past 15 years have watched how gap and Island Patterns play out and what to be watching. BE READY.

ALSO

We have received many emails regarding the Major-TIME-CYCLE TURN DATE coming in the next few weeks.  The support of the May 3rd and June 28th--as well as the many previous Major-TIME-CYCLE TURN dates has played out significantly and is about to be altered; probably drastically.

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 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.

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