ShepWave IMPORTANT Pre-Market / Intra Day Update for Wedensday PUBLISHED.
by ShepWave.com
Posted: 6/13/2017 17:18 EST
The rally on Monday and Tuesday: (1) satisfied the anticipated overthrow of wedge patterns and (2) hit anticipated bounce targets. So now what?
The intra day activity of Tuesday gives us some short term distinctions that are not very common. There are a couple of short term possibilities that all objective traders need to be considering.
Please read all of the notes in all of the charts for Wednesday. Even read the notes in the two QQQ (NDX) charts; the short term action in this ETF/index is highly critical and could dictate the next key short to mid term trend direction for the equity indexes in general.
Stay Objective! TURN OFF THE CNBC!
Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day ShepWave Update.
Intra Day Update published for Wednesday:
See NEW short term triggers.
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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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