THE STOCK MARKET UPDATE November 7, 2018

© David H. Weis

ES: .75 Weis Wave (5-minute)

© DH Weis

I was asked this afternoon if it’s easier to find trades on daily or intraday charts. I said
my focus is on intraday charts where I look for springs, upthrusts, tests of breakdown &
breakouts along with Weis Wave signals such as bullish/bearish changes in behavior or
effort vs reward. Not knowing what had happened today, at 3:30 this afternoon I opened
the 5-minute S&P chart and you can readily see the effort vs reward trade. As for the
daily S&P chart, if resistance doesn’t form at 2824, the next line of resistance is 2863.75.

www.WeisOnWyckoff.com dhw@weisonwyckoff.com Tel 617.489.9155