ShepWave Pre-Market / Intra Day Update for Wednesday Published.
by ShepWave.com
Posted: 9/4/2018 22:48 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.
Within just the last several weeks we saw Gap and Island Patterns (primarily in the SPY/SPX and $INDU) and now even have most of the indexes hitting NEW all time highs, again.
Now is NOT the time to be a sloppy trader/investor.
We encourage every trader and investor to think back to the markets leading up to the November 2016 Presidential Election--and the fact that on the night of the election the Futures for the Dow Industrials were DOWN 1,000 points below fair value but that created the PIVOT and Break-Out which formed the key mid term support line for the major U.S. equity indexes. This is as ShepWave has been covering for the past two years.
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 THREE MONTH SUBSCRIPTION SPECIAL STILL IN PROGRESS! For Now.
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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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