ShepWave Pre-Market / Intra Day Update for Wednesday Published.
by ShepWave.com
Posted: 2/26/2020 00:46 EST
1:36 PM ET USA. Intra Day Update for Wednesday:
Today's market action is not hitting key Fibonacci Retracement areas. Note the readings we have been highlighting in the 60 minute time frame RSI indicators.
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We saw NEW ALL TIME HIGHS last Wednesday, February 19, 2020.
Notice the aggressive SELL SIGNAL we noted last Thursday, February 20, 2020
This week we see the Dow Industrials index down almost 1900 points after two days of trading.
Where will the indexes go next? Wil we see the gap from Monday's open partially fill--only to see the sell off resume?
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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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