ShepWave Pre-Market / Intra Day Update for Tuesday. Market Still Predictable
by ShepWave.com
Posted: 10/1/2018 22:46 EST

11:26 AM ET USA. Intra Day Update for Tuesday Published:

Those of you who have been following along with the recent bearish signals and move in the Russell 2000 index will want to pay attention to the notes added to the 60 min RUT chart this morning. Also--watch for confirmation in the other indexes and ETFs.

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

Monday's sizable gap up open and the early intra-day top gave many aggressive traders a profitable short term trade.

Now what?

We have been having discussions with some of our more seasoned traders with ShepWave and comparing the activity of the Fall of 2016 with what is going on now.

Remember as a trader or investor--correlation is NOT necessarily causation. Most of you who have been with ShepWave for a while understand exactly what we mean when we say this.  Time after time we see traders and investors get burned by assuming a certain market influence or event will have a specific effect on the markets.  Stay focused and stay objective.

Read the past few days of analysis for the 60 min Russell 2000 chart--and see what happened on Monday! Nice trade! But be careful--don't be overconfident! Keep all trades in perspective of the larger market context.

Log In at www.shepwave.com for Tuesday's Pre-market / Intra Day ShepWave Update.