ShepWave Pre-Market / Intra Day Update for Wednesday Published. $99 SIX MONTH SUBSCRIPTION SPECIAL.
by ShepWave.com
Posted: 9/4/2019 01:24 EST
2:40 PM ET USA. Intra Day Update for Wednesday Published:
The wedge pattern continues today--yes, even with the rally!
Can't Make This Stuff Up!
But remember to expect some short-term whip-saw activity in connection to the recent wedge pattern.
Log In at www.shepwave.com for today's 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.)
CAN'T MAKE THIS STUFF UP!
Gap / Island Patterns--Lead to Volatility.
NOTICE how the recently added WEDGE PATTERN (and trend lines) played out Tuesday.
The recent gap opens have definitely added some short term activity for aggressive traders. Pay attention!
Remember that wedge patterns--once completed--can tend to give false (or head-fake) moves. Seasoned traders with ShepWave have seen this in the past. Usually--the initial direction of a break-out of the wedge pattern is the wrong direction with regards to the mid-to-longer term trend.
SO 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 and SPY charts. Keep this tentative wave count as a possibility for the 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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