ShepWave Pre-Market / Intra Day Update for Wednesday Published
by ShepWave.com
Posted: 10/16/2018 21:55 EST

10:41 AM ET USA. Intra Day Update for Wednesday:

Is yesterday's rally a bullish indication?  Was the recent sell off a "V" type of move?

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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 two weeks ago were highly profitable.  So, now what?  Are the markets ready to rally?  Or are we setting up for a bigger downward move?

DID WE JUST SEE A "V" TYPE OF RECOVERY FROM RECENT LOWS??

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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