Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG


ShepWave Regular Update for Thursday Published. BIG MARKET SELL OFF after key OUTSIDE DOWN WEEKS Last Week in SPX and NDX.
Posted: 10/10/2018 17:11 EST

1:00 PM ET USA. Intra Day Update for Thursday Published.

The charts in today's update have been refreshed. Notice that now both the SPY/SPX and the Dow Industrials index have filled their gaps from the August 16th open; a gap that we had been anticipating getting filled at some point if the markets are going to continue the mid term to long term rally.

Log In at for today's Intra Day ShepWave Update.


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 weeks. 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.

The current atmosphere of social-political angst and interest rate worry--have been playing out for short term aggressive traders--taking major U.S. equity indexes to lows not seen since last May in some cases.

Again--you can't make this stuff up!

Follow signals as they progress.

Will the lows of Wednesday, October 10th be a key low?  Let's just say that you better be watching short term wave action closely.

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

(1) Dow Industrials has a new all time high--finally.  Notice how we have been waiting for that for many months. AND THEN BAM--down over 800 points in one day which followed the aggressive SELL SIGNALS of last week ending October 5, 2018.

(2) WTI-Crude Oil continues to bounce above 50 day moving average--having found support at the 200 day moving average. NEW RECENT HIGH AS MENTIONED was seen on 10/3/2018. Will this trend change? Is this from Hurricane Florence? Or Hurricane Michael?

(3) GOLD--no new notes here, but it may be ready to move!

(4) The $INDU and $SPX saw wedge patterns that were building over the summer months that as of last week issued aggressive sell signals. Is the sell-off over?

 In the last week alone we have witnessed successive short term sell signals for the various indexes transformed into more sell signals.   

Notice that if the Dow Industrials index (for example) were to close out the month of October at its current level--we would have an OUTSIDE DOWN MONTH pattern.  Remember we saw OUTSIDE-DOWN WEEK Patterns last week in the SPX and NDX. These are key things to be paying attention to; this market may be about ready to do something unprecedented.

Some of the major U.S. equity indexes are hitting low levels that were not reached since last May--such as the Russell 2000 index.

Log In at for the Regular Update for Thursday.

The Pre-Market / Intra Day Update for Thursday will be published later this evening.

As of 10:39 PM ET USA.  The Pre-market / Intra Day Update for Thursday has been published.

Log In at for Thursday's TWO Important ShepWave Updates.

Do not take the recent signals and technicals lightly.  Remember the new all time high in the DOW INDUSTRIAL index last week was the final technical we were looking for the PERFECT-STORM SET-UP.

Follow along tick-by-tick and take the signals as are fitting to your own trading style and abilities.

Reference: 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.
Shepwave Elliott Wave
Theory Tutorial

Search Engine Optimization
and Free Submission
Go Ezines
Ezine Directory - Find
ezines, ezine trades,
ezine advertising, articles,
tips and advice about ezines
at the Ezine Directory.
Common key words for shepwave search: qqq, qqq trading, qqq analysis, qqq quotes, nasdaq 100, elliott wave theory, qqqq options, stock market, trading stocks, qqq, trading options, dia, dia analysis, dia quotes,dia options, qqq timing, dia timingmarket timing, dia trading
Top of Page

ShepWave Login

Enter your Login and Password:

Remember my login next time.
Keep my account always logged in.



Forgotten Password

Enter your email address:




Privacy Policy wants your visit to our web site to be enjoyable, informative and secure. We have gone to a large effort to use the most advanced security measures to allow this to happen. promises:

1. We do not give out your telephone number, address information, or screen names, unless you authorize us to do so. And we give you the opportunity to correct your personal contact email address information at any time.

2. We will keep you informed, about what we do with your personal information, and we will advise you if we change our policy.

Thank you for visiting our web site.



Enter Trial Code

Enter your trial code: