ShepWave Pre-Market / Intra Day Update for Wednesday. PREDICTABLE--VOLATILITY!!!
by ShepWave.com
Posted: 8/7/2019 01:10 EST
11:55 AM ET USA. Intra Day Update for Wednesday:
Remember we often see some whip-saw short term activity on Wednesday afternoons. Keep recent critical technicals in mind as we see this afternoon play out. BE READY!
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
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CAN'T MAKE THIS STUFF UP!
Gap / Island Patterns--Lead to Volatility.
The recent gap opens have definitely added some short term activity for aggressive traders.
NOTICE how the aggressive short term buy triggers (given Monday, June 3, 2019) for Tuesday, June 4, 2019 played out--and now we have GAP UP OPENS left open. Do the Math!! USE STOPS! And NOTICE that as of August 5, 2019 MOST OF THOSE GAPS HAVE FILLED--very quickly!
Pay Attention to fast-changing short term technicals.
NOW WHAT?!?!
Remember what I said a couple of weeks ago, "Will the FED Lower rates and give us another upward boost to break through key mid term (and longer term) resistance?"
Keep the key technical points in mind as we continue to navigate through what may still be some volatility.
See TENTATIVE EWT Wave Count as given in the 60 minute Dow Industrial chart. Keep this tentative wave count as a possibility for the SPX/SPY and QQQ/NDX as well.
Log In at http://www.shepwave.com/ for Wednesday's Pre-Market / Intra Day ShepWave Update.
$99 SIX MONTH SUBSCRIPTION SPECIAL
ShepWave $99 SIX MONTH Subscription special for our valued customers will end soon. Thanks to all of our regular customers of 16 years. This special offer is being extended to any new subscribers as well, for a short time only. [To current up-to-date subscribers, the six months will automatically be added to your expiration date.]
16 Year Anniversary
(NO special code needed.)
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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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