ShepWave TWO IMPORTANT UPDATES for Thursday has been published.
Posted: 9/13/2018 00:12 EST
The Regular Update for Thursday has been published.
In this update the daily technical analysis is given for the major U.S. equity indexes and for WTI-CRUDE OIL, GOLD and the VIX.
We are seeing some key technicals in a lot of these indexes:
(1) The Dow Transportation index hit a new all time high on Wednesday.
(2) WTI-Crude Oil continues to bounce above 50 day moving
average--having found support at the 200 day moving average. Will this change?
Is this from Hurricane Florence?
(3) GOLD has some aggressive short term signals and we are anticipating a mid term to longer term signal soon!
(4) The $INDU and $SPX have newly formed wedge patterns. Pay close attention.
Log In at www.shepwave.com for the Regular Update for Thursday.
The Pre-Market / Intra Day Update for Thursday has also been
It is important to compare--but not confuse--the analysis ShepWave provides on the daily time frames with the analysis in the 15 minute and 60 minute time frames.
Many traders sometimes get confused and think that a trade signal on the 15 minute time frame applies to the mid term or longer term time frame (for traders or investors). Keep signals within the perspective of ShepWave analysis.
Log In at www.shepwave.com for Thursday's ShepWave Updates.
|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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