ShepWave TWO Important Updates for Thursday Published. OUTSIDE-DOWN *MONTH* FOR DOW INDU!
by ShepWave.com
Posted: 10/31/2018 16:15 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 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.

**For the month of October the Dow Industrials index experienced an OUTSIDE-DOWN Month Technical Pattern!  SHOULD INVESTORS TAKE NOTE?

(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 breaks trend channel?  Maybe!

(4) GOLD--If you took the signal of a few weeks ago--be careful--stay on top of gold trades.  

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

Log In at www.shepwave.com for the TWO Updates for Thursday. Both the Regular Update for Thursday and the Pre-Market Update for Thursday have been published.