ShepWave Regular Update for Thursday has been published. IMPORTANT Daily Time Frame Analysis.
by ShepWave.com
Posted: 9/26/2018 17:08 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 at ShepWave have been in continual communication with a lot of our more active traders for the past few days. The recent activity for the major U.S. equity indexes is showing some potentially critical technicals and possible NEW-TRADE set-ups for short-to-mid term traders. Read the notes and analysis in this update closely. Notice that on Wednesday, 9/26/2018, the $SPX did see an OUTSIDE-DOWN Day.

We are seeing some key technicals in a lot of these indexes:

(1) The Dow Transportation index hit a new all time recently--but the Dow Industrials index is just new making new recent highs and still has not made a new all time high.

(1a) Also the Dow Industrials index has formed a potential volatile pattern.

(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 will be published later this evening.

 As of 11:25 PM ET USA, Wednesday Evening, the Pre-Market / Intra Day Update for Thursday is published.

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