ShepWave TWO IMPORTANT Updates for Thursday Published. More Predictable Volatility COMING NEXT!
by ShepWave.com
Posted: 5/30/2018 23:28 EST

The indexes remain volatile--but predictable--and therefore profitable, for traders paying attention. Please read the Regular ShepWave Update for Thursday before reading the Pre-Market / Intra Day ShepWave Update for Thursday.

The Regular Update for Thursday has been published.  This Update shows the critical daily time frame technical analysis for the Dow Indu, Dow Trans, SPX, NDX, RUT, WTI (CRUDE OIL), GOLD, and the VIX.

IMPORTANT: please see the new notes and potential Elliott Wave Theory wave count (given in GREEN) in the Dow Transportation and Nasdaq 100 INDEX. Notice that since the intra day afternoon update from Tuesday ShepWave has not had to add a lot of new notes.

The potential of new highs in the indexes (to square up with the Russell 2000 index) is something that needs to be considered. ALSO--the OUTSIDE DOWN WEEK we saw in WTI CRUDE OIL along with the preferred Elliott Wave Theory wave count we are seeing in the Dow Transportation index will have their implications.

POINT: We saw a nice head-fake of sorts on Tuesday and are about to see some more. But don't let that confuse you. The markets are not as mystical as people seem to think--or as most cryptic analysts tend to convey.

"Don't Be Fooled Again!"....(see The Who, 1971)

Log In at www.shepwave.com for Thursday's  TWO ShepWave Updates.