ShepWave Pre-Market / Intra Day Update for Friday.
by ShepWave.com
Posted: 10/4/2018 17:04 EST

1:22 PM ET USA. Intra Day Update for Friday Published:

The downward move of this week in the major U.S. equity indexes has been basically a three wave event--so far.

Be objective.  The bearish trend and strength of this week has been profitable for short term traders.  The key is in determining the duration of this move.  That is why the critical trend lines and force of this afternoon's move will play a critical role in the action next week,

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10:47 AM ET USA. Intra Day Update for Friday:

We are seeing some sharp and very profitable short term moves in the indexes.  As objective traders we are always watching for confirmation of the short-to-mid term trend(s).

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

As given for last Friday, September 28th we commented that many of our ShepWave traders had been open some aggressive bearish positions related to the NDX/QQQ and RUT. Well, this Thursday, 10/4/2018, those who stayed in the trade saw some great quick profits.

The key to using short term aggressive triggers and targets is NOT to confuse those with the mid term or longer term triggers and targets.

Many traders confuse the issue and see a sudden move only to make a devastating mistake. Please pay close attention to the key trigger areas and targets given in this update for Friday, October 5, 2018.

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