ShepWave Pre-Market / Intra Day Update for Wednesday Published.
by ShepWave.com
Posted: 12/25/2018 21:08 EST

2:22 PM ET USA. Intra Day Update for Wednesday:

Based on emails many of you are trading the recently identified TREND-CHANNEL.  Just be careful.  Notice that despite going below the lower-support line and then bouncing up--the upward trend channel line has not been approached yet. In fact it may not be approached. Don't just assume it will be tested.

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10:35 AM ET USA. Intra Day Update for Wednesday Published.

Pay attention to the trend channels ShepWave has added to the 60 minute charts for the major U.S. equity indexes and their ETFs.

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Mid term trading signals have been working out well. Traders will want to consider how the end-of-year will affect them with regards to locking in profits or not in current bearish positions.

Notice a possible slight alteration to the current short term trend as shown in the QQQ (NDX) chart.

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