ShepWave Pre-Market / Intra Day Update for Friday Published.
by ShepWave.com
Posted: 10/25/2018 20:43 EST

2:54 PM ET USA. Intra Day Update for Friday:

How much longer for the major U.S. equity indexes to keep subdividing to the downside?

Keep making profits!

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

As given for FOUR  Friday's ago, September 28th, we commented that many of our ShepWave traders had begun opening aggressive bearish positions related to the NDX/QQQ and RUT.  These positions were based on short term aggressive SELL SIGNALS given by ShepWave and were followed by more sell signals as we saw the follow weeks in October.

Since that time we saw the perfect-storm set up by the Dow Industrials index finally hitting a new all time high and showing bearish divergence on the weekly and daily time frames--this was a critical prerequisite to seeing any reliable bearish signals!

CAN'T MAKE THIS STUFF UP!

Now we need to be paying close attention to all technical factors and not taking anything for granted.

The key to using short term aggressive triggers and targets is NOT to confuse those with the mid term or longer term triggers and targets.

For now we need to pay close attention to the short term Fibonacci Retracement targets given for the past week(s)--also the RSI readings and lack of positive divergence in some cases--and of course we need to continue watching how the wave formations unfold.

Pay close attention to the possible Elliott Wave Theory wave counts.  Do not get to committed to any wave count at this time--we could see some further subdividing of the most recent wave(s).

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