ShepWave Pre-Market / Intra Day Update for Wednesday. GAP UP--ISLAND PATTERNS!
by ShepWave.com
Posted: 4/3/2019 00:46 EST
1:13 PM ET USA. Intra Day Update for Wednesday Published.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
CAN'T MAKE THIS STUFF UP!
For those who have been paying attention to the recent WEDGE PATTERNS (including in the daily time frame chart for the Dow Industrials as given last Friday) the rally of Monday hit targets in line with expectations. Remember the critical possibilities of GAP PATTERNS. But do not be blind to the next reversal signal. We will be adjusting sell (stop/loss) signals as the chart patterns unfold.
The Wedge patterns that were identified last week did indeed give us an upward surge. Now we need to be cautious and play this without losing profits. The intra day notes from Thursday, March 28th and Friday, March 29th have been left in the short term SPY and QQQ charts from last week--in the hope some traders will begin to learn how to spot these wedge patterns.
Log In at http://www.shepwave.com/ for Wednesday's Pre-Market / Intra Day ShepWave Update.
15% DISCOUNT CODE: MarketsTopping?
| 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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