ShepWave Pre-Market / Intra Day Update for Friday Publised. OUTSIDE-UP PATTERNS. TIME-CYCLE TURNS COMING AGAIN SOON!
Posted: 7/19/2018 23:03 EST
Friday could be a critical day of trading.
Three weeks ago, on June 28th, the Dow Transportation index hit a key mark. An area that has come into play SIX times in the last year alone! (Notice the other key areas hit by the other major U.S. equity indexes and/or ETFs on that day.) Is there a coincidence that June 28th was the ShepWave TIME-CYCLE TURN DATE? Probably not.
Again, YOU JUST CAN'T MAKE THIS STUFF UP!
Then notice that the rally that has proceeded from the June 28th lows has indeed hit some key targets. Targets which were given in advance. This applies to all of the major U.S. equity indexes--and we could be seeing a shake up coming soon.
The recent Island gap patterns may bring some unexpected turns in the markets for traders not paying attention.
Now is not the time to be na´ve! Pay close attention to new tend lines and trigger areas using the more aggressive 15 minute and 60 minute time frame charts.
Will this current atmosphere of angst in the USA contribute to the upcoming stock market move and trends?
Log In at www.shepwave.com for Friday'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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