ShepWave Pre-Market / Intra Day Update for Tuesday.
by ShepWave.com
Posted: 11/12/2018 20:48 EST
Just as an observation--one of many: for those of you paying attention, since the Dow Industrials index hit the bounce target last week, we have seen that index alone lose about 1,000 points in just a couple of days.
Pay close attention to the current technicals as given for Tuesday. The aggressive SELL SIGNALS have been working the past few days. MID TERM TRADERS--it is important that you do not lose focus of the longer term trend, especially with regards to wave formations and bounce targets.
Note: we still have the gap up open from Wednesday, October 31st to deal with. Is this going to be hanging on like the gap up open from August 16th?
Log In at www.shepwave.com for Tuesday'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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