Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG


ShepWave Pre-Market / Intra Day Update for Wednesday Published
Posted: 10/9/2018 17:32 EST

3:25 PM ET USA. Intra Day Update for Wednesday:

The charts have been refreshed in today's intra day update. A new potential wave count has been added to the 60 min SPY chart--and can be used as a potential basic wave formation for all of the indexes.

The other day when I was critical of analysts trying to call a wave 4 in progress (as of the end of Friday's trading) I was not trying to be overly critical. But now I think you all see what is in  play here. The size (length of move) of wave 1 (or A) was not fitting into the expected wave formations.  Wave 3's are typically the longest waves of a five wave impulsive move--and never the shortest: hence the reasoning we used at ShepWave to be ready for this sizable move today, Wednesday, October 10th.  MORE MAY BE COMING.

I will be publishing the Regular Update for Thursday shortly after the markets close today (Wednesday, 10/10/2018). This will show the critical daily time frames for the indexes and their analysis.  Then later this evening the Pre-Market / Intra Day Update for Thursday will be published.

Log In at for today's Intra Day ShepWave Updates.



11:58 AM ET USA. Intra Day Update for Wednesday:

Markets are heating up just as anticipated.

New and important notes have been added some of the charts today.

The past gap targets of a couple of months ago are being approached.


Log In at for Wednesday'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.

The aggressive and successive SELL SIGNALS of last week were highly profitable.  So, now what?  Are the markets ready to rally?  Or are we setting up for a bigger downward move?

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 for Wednesday's Pre-Market / Intra Day ShepWave Update.


Reference: 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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