ShepWave Pre-Market / Intra Day Update for Wednesday.
by ShepWave.com
Posted: 10/24/2018 00:03 EST

1:26 PM ET USA. Intra Day Update for Wednesday:

Remember the gap from Tuesday's (10/23/2018) open was basically filled.  Seasoned traders understand the implications of that technical factor. 

Be ready for more strong moves in the indexes.

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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.

On Tuesday 10/23/2018 we did in fact see new lows (to the lows of October 11th) on the S&P 500, Dow Industrials and Russell 2000 indexes--as we had anticipated. The intra day note we gave at 11:03 AM ET in Tuesday, 10/23/2018--that we now have positive divergence and that we can expect the gap from Tuesday's open to fill at some time--was answered in the same day. Basically the gap from Tuesday's gap down open was almost filled even in the Dow Industrials index.

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.

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