ShepWave Pre-Market / Intra Day Update for Tuesday Published. TIME-CYCLE TURN DATE--Head-Fake Action?
by ShepWave.com
Posted: 6/26/2018 00:12 EST
The short term aggressive SELL SIGNALS may have culminated in Monday's sell off.
Monday's gap down open managed to fill some of the gap up opens from early June in the SPY/SPX. Notice that the one gap up open that was not filled from late May (in the SPY) is actually an Island Reversal.
So remember: these gaps will all play out in their own way. The gap down open from Monday's open will reveal some new insights to many traders who are not informed of the possibilities.
These whip-saw moves will shake out some weak hands in the next few weeks--that much is guaranteed. Be Ready!
PLUS--as has been said repeatedly--expect some increased volatility going into this upcoming (possible) TIME-CYCLE TURN DATE.
Log In at www.shepwave.com for the 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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