ShepWave ALL UPDATES FOR THURSDAY PUBLISHED. Markets Are Moving Quickly--hitting KEY Targets!
by ShepWave.com
Posted: 10/17/2018 17:05 EST
10:20 AM ET USA Thursday, 10/18/2018. Intra Day Update for Thursday:
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
As of 5:37 PM ET Wednesday 10/17/2018 USA. The Pre-market / Intra Day Update for Thursday has been published.
Log In at www.shepwave.com 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 two weeks ago was the final technical we were looking for the PERFECT-STORM SET-UP.
The LOWS of October 11th hit the key target as we have been showing in the Dow Industrials index--for several months. This goes back to the May 3rd and June 28th BUY areas.
NOW IS NOT THE TIME TO BE A LAZY or SLOPPY TRADER.
Follow along tick-by-tick and take the signals as are fitting to your own trading style and abilities.
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 Thursday, October 11th 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 hit the support line as given as a primary target prior to the sell signals of two weeks ago. NOTICE--this line coincides with the critical analysis from ShepWave given on on May 3rd and June 28th. CAN'T MAKE THIS STUFF UP!
(2) WTI-Crude Oil continues to find support at the 200 day moving average. SEE NEW TREND PATTERN!
(3) GOLD--If you took the signal of last week--be careful.
(4) The $INDU and $SPX saw wedge patterns that were building over the summer months quickly took the indexes to key targets. Is this going to be a "V" bottom in the indexes?
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.
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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