ShepWave Pre-Market / Intra Day Update for Wednesday Published.
by ShepWave.com
Posted: 8/26/2020 01:08 EST

 Does the aggressive BUY TRIGGER we gave for Tuesday, March 24, 2020 (and was triggered) indicate that the market sell off is over?  NOT SO FAST.  Recognize the potential short-to-mid term wave patterns.

It was said--that Goldman has revised their bearish stance, saying the recent lows will stick.  Ask yourself a question?

(1) did they call the aggressive sell signal on Thursday, February 19, 2020, or

(2) did they call the ISLAND REVERSAL sell signal on Monday, February 24, 2020? or

(3) did they call the wedge pattern ending Monday, March 23, 2020 and the following aggressive BUY SIGNAL on Tuesday, March 24, 2020?

EXACTLY!  So, be careful listening to anyone.  Trade according to your own risk/trading abilities and use the appropriate signals.

Where will the indexes go next? Pay attention to the current (motive?) correction and whip-saw moves. 

Also, be sure to compare the ShepWave analysis given on the various time frames.

S&P 500 Index  hits All Time High of 3,444.21 on Tuesday, August 25, 2020

Nasdaq 100 Index Hits a NEW ALL TIME HIGH of 11,728.09 on Monday, August 24, 2020

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