ShepWave Pre-Market / Intra Day Update for Tuesday Published
Posted: 11/5/2018 16:09 EST
2:28 PM ET USA. Intra Day Update:
The major U.S. equity indexes are staying within the range of the Island pattern we have been tracking since last Wednesday's gap.
There is a new note in today's charts in the 15 min SPY chart that does apply to all of the major U.S. equity indexes.
ShepWave will be publishing updates overnight this evening (in the U.S.) to gauge any fluctuation in the futures--as we did during the 2016 election.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
A subscriber emailed me an update from another analyst today--and all I have to say is to be careful in making dogmatic labeling statements with regards to supposed wave counts.
The Mid-Term elections and the emotion that all political parties are associating with these elections could play a short-term role in market volatility, at least in the United States.
Don't be fooled!
Log In at www.shepwave.com for Tuesday's Pre-market / Intra Day ShepWave Update.
|Reference: Shepwave.com 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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