ShepWave Pre-Market / Intra Day Update for Wednesday Published.
by ShepWave.com
Posted: 10/16/2019 01:43 EST
2:02 PM ET USA. Intra Day Update for Wednesday:
Today's Intra Day Update has been published.
Pay attention to time-cycle TURN DATE(S).
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
Remember the TIME-CYCLE TURN DATE given specifically for the DOW TRANSPORTATION and RUSSELL 2000 Indexes for September 13, 2019 has worked out well. There is another TIME-CYCLE TURN DATE currently--well at least a potential new TIME-CYCLE TURN DATE. Stay Focused!
Regarding WTI--CRUDE OIL Even the SPIKE we saw after the attack on SAUDI OIL production played its part in creating a key short term top (compare the WEDGE pattern as identified in the WEEKLY time frame charts).
Just be careful of getting ahead of the signals. Shorter term signals as given on 60 minute time frame charts still do not issue the same type of signals as the daily and weekly time frame charts. We should be continually comparing the analysis on these different time frames--regardless of how active of a trader we may be.
Recent GAP/ISLAND Patterns!
Keep the key technical points in mind as we continue to navigate through what may still be some volatility.
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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