ShepWave TWO IMPORTANT UPDATES for Thursday Published.
by ShepWave.com
Posted: 10/24/2018 23:02 EST

2:04 PM ET USA. Intra Day Update for Thursday Published.

Markets still moving in predictable patterns.  As we get closer to the first week of November we will need to take note of all key mid term support/resistance areas and the current wave action (e.g. impulsive or motive).

Log In at www.shepwave.com 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 several 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 winter in some cases.

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

Follow signals as they progress.

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

(1) Dow Industrial index: see the wave count as given in the daily time frame.  Note that the indexes have (so far) been filling gap down opens quickly; this could actually be supporting a continued bearish move.

(2) Notice how the Dow Transportation and Russell 2000 indexes  have been leading trend indicators.  Pay close attention to the recent signals. Don't forget to glance at the weekly time frame charts--and signals--as given every Monday in the Special Update for Monday.

(3) WTI-Crude Oil continues in our TREND CHANNEL give last week.

(4) GOLD--If you took the signal of two weeks ago--be careful.

(5) VIX traders--get in and out of positions quickly!

Log In at www.shepwave.com for the Regular Update for Thursday.

Some subscribers didn't believe it possible when I said that the fact that the gap down open of Tuesday (10/23/2018)  basically filled in the same day could be supporting a bearish view. Well we saw a sell off on Wednesday. 

So now what? Is there a rally coming any time soon?

Log In at www.shepwave.com for Thursday's Pre-Market / Intra Day ShepWave Update.