ShepWave Pre-Market / Intra Day Update for Wednesday Published
by ShepWave.com
Posted: 9/18/2018 17:19 EST

10:50 AM ET USA. IMPORTANT Intra Day Update for Wednesday Published:

The charts in today's Update have been refreshed. No new notes were necessary to add to the charts.  The markets continue to move in predictable fashion.

Once again today we are seeing a bit of a rotation between the major U.S. equity indexes.

The fact that the Dow Industrials index is just a couple of hundred points from a new all time high could be critical. It could be critical with regards to a future market set-up and potential major trend shift.  We cannot make any assumptions that a key market top is in the process of being formed in any of the indexes--but note that this set-up could be giving us the viable option for an either-or situation.

Continue to follow the key trend and trigger lines and keep making profits.

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.

The short term trading ranges are still working effectively--for traders paying attention to the minor adjustments made to these critical short term patterns.

After Tuesday's market activity ShepWave has adjusted the short term trading ranges and patterns. The new recent high in the Dow Industrials may not necessarily be a bullish indication. Watch for critical short term wave activity and key signals.

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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