ShepWave Pre-Market / Intra Day Update for Wednesday Published
by ShepWave.com
Posted: 11/6/2018 17:21 EST
1:29 PM ET USA. Intra Day Update for Wednesday Published.
We now have another gap up open in the major U.S. equity indexes. That gives us two gaps left open since the lows of October 29th. Retracement targets (as given last week) being hit currently.
The current patterns are indicative of the mid term trend. Keep targets in mind and new triggers.
Log In at www.shepwave.com for Wednesday's Intra Day ShepWave Update.
ShepWave Pre-Market / Intra Day Update for Wednesday Published
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.
Tuesday, November 6, 2018 is day five of the current Island pattern which we saw begin last Wednesday, October 31st. We will be watching the futures for the major U.S. equity indexes into the market open Wednesday, November 7th, for any additional insight as to how this Island pattern is going to unfold from this point forward.
Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update.
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| 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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