ShepWave

ShepWave Important Updates for Monday Published. ANOTHER HIGHLY PREDICTABLE WEEK IN THE EQUITY INDEXES.
by ShepWave.com
Posted: 12/16/2016 18:16 EST

AGAIN, YOU JUST CAN’T MAKE THIS STUFF UP!

I found it humorous this afternoon as I was watching a news program who said (paraphrasing), ‘The Stock Market Closes Down Today Because of China Bombing a Drone.' Or something like that.

I had to chuckle. They will continue to ascribe the activity to any possible news event whatsoever. Not that there aren't legitimate times to do so, but they tend to take it to an erroneous degree.

This week ShepWave anticipated a range bound market for the US equity indexes, and even anticipated that Friday the indexes would close toward the lower end of the week’s trading range.

As well, it was within the first 20 minutes of the markets being open Friday morning that we issued our first very aggressive SELL SIGNAL for short term traders. Then an hour later, we saw another short term confirmation SELL SIGNAL. Then the drone was bombed.

No, we at ShepWave are not clairvoyant. We merely use simple technical tools that serve as valuable gauges to anticipate market direction.

So, now what? Is the rally over? Can we see Dow 20,000? Or how about 30,000? Well for the answer to those and many more questions you will need to follow along with ShepWave as we see—or do not see—continuing sell signals. We may see some buy signals next week.

The point is that there are very few analysts who do analysis—technical analysis or other—in a truly objective manner. We at ShepWave strive to maintain objectivity and use reliable trading signals.

The $35 One Month and $109 One Year Subscription Specials will be ending soon.

Log In at www.shepwave.com for Monday’s IMPORTANT ShepWave Updates.

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10:30 PM ET Sunday Evening. NEW PRE-MARKET NOTES POSTED FOR MONDAY!

Despite being a somewhat shortened week, we do anticipate some profitable action in the markets this week.

The US equity indexes have been extremely profitable for short term and swing (mid term) traders and this should remain the case; in fact after the first of the year the volatility will begin to pick up nicely to enable us to lock in some nice profits.

The new notes added to Monday's Pre-Market Update deal with a particular chart pattern we have been tracking.

The $35 One Month and $109 One Year Subscription Specials will be ending soon.

Log In at www.shepwave.com for Monday’s IMPORTANT ShepWave Updates.

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10:17 AM ET. Intra Day Update Published.

We will be publishing the Intra Day Intensives (multiple intra day updates) this week. This is a holiday week, so the usual pattern is a light volume week, with a bit of a bullish tendency. But you will want to watch the technicals very closely.

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

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11:26 AM ET. Intra Day Update Published:

We are seeing the typical holiday week type of action so far. But how much higher can the indexes go? The key is to stay objective and to watch the trigger areas.

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

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12:07 PM ET. Intra Day Update:

We continue to see critical short term technicals. Do not make it more difficult than it is. Watch the trigger areas on the various time frames.

Stay Objective. TURN OFF THE CNBC!

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

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1:21 PM ET. IMPORTANT Intra Day Update. NEW CHART PATTERN.

We are seeing a newly formed (or actually expanded) wave pattern. This should guide us in our short term trades for the next few days anyway.

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

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1810....1039

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.