ShepWave Pre-Market / Intra Day Update for Wednesday Published. CAN'T MAKE THIS STUFF UP!
by ShepWave.com
Posted: 8/21/2019 01:17 EST
1:10 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!
Gap / Island Patterns--Lead to Volatility.
The recent gap opens have definitely added some short term activity for aggressive traders. Pay attention!
Pay Attention to fast-changing short term technicals.
NOW WHAT?!?!
Remember what I said several 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. Compare the recent short-term trend channel also given in the QQQ 60 minute chart.
Log In at http://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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