As suspected, the rally from two weeks ago did not continue this past week. Also the initial signals were not triggered this past week. There is still a risk that they will be triggered.
As mentioned last weekend we saw a major signal on the monthly time frame for the Major U.S. in October. Usually this signal would have me jumping in the market on the long side. However this signal could be a 'head-fake.' See the triggers and targets for this next week. Note the analysis for the Dow Transportation index. This could be a bullish wild card.
Now is a very critical point for the U.S. Equity Indexes, technically speaking.
In Monday's Update you will find analysis using the Monthly and Daily time frames for the Major U.S. Equity Indexes and critical analysis fro GOLD, GLD, Crude Oil, SLV and the VIX. Note that the analysis for Crude Oil and the VIX is important to determining the future action in the Equity Indexes.
The Pre-Market / Intra Day Update for Monday will be published later Sunday Evening. In that Update you will find the shorter term charting analysis which will be very important for short to mid term (Swing) traders.
Log In at www.shepwave.com for Monday's Regular Scheduled Update Parts I, II and III
The ShepWave Subscription Specials ($60 Three Month Subscription and $99 Six Month Subscription) have been extended a while longer due to the critical nature of the markets.
We have begun a referral program for subscribers. For every new subscriber you introduce to ShepWave we will add one month on to your subscription.
Existing Subscribers can take advantage of the Special prior to the expiration of their current subscription; the time will automatically be added to subscription.
