ShepWave Pre-Market / Intra Day Update for Wednesday.
by ShepWave.com
Posted: 9/12/2018 00:16 EST

11:05 AM ET USA. IMPORTANT INTRA DAY UPDATE:

Don't be fooled by the quick whip-saw activity.  In today's update you will want to note the key technical set-ups we have seen in the 60 minute charts (viz. SPY, QQQ/NDX, and RUT).

Log In at www.shepwave.com for today's Intra Day ShepWave Update.

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 the past week we saw some short term aggressive SELL SIGNALS followed by motive (overlapping) wave patterns--which as one would expect--led to a bullish intra day reversal on Tuesday, 9/11/2018 and we even saw an OUTSIDE-UP day in the SPY/SPX.

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.

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