ShepWave IMPORTANT Updates Coming. Equities, Gold, Oil. All Traders Need to be ready.
by ShepWave.com
Posted: 5/4/2017 17:18 EST
There will be two updates in total published for Friday.
The first update has been published: SPECIAL Update for Friday: GOLD (weekly and daily) Charts; 60 min GLD charts; 60 min SLV charts; daily and 60 minute GDX (mining) charts; weekly and daily Crude Oil charts.
Note the importance of the recent action in Gold and in the metals, including the mining stocks; also the recent big move in crude oil is revealing. But also, remember that there is a potentially very important TIME-CYCLE TURN DATE coming up shortly in which case--we could expect things to change again.
Now is not the time to be an emotional trader--TURN OFF THE CNBC.
Log In at www.shepwave.com for Friday's ShepWave updates.
2nd Update Published
We continue to see some critical technical patterns in the US markets; this includes equities and commodities. The drastic moves we have seen in gold and in crude oil this week have been interesting. Follow the triggers, keeping in mind your own risk tolerance and trading style.
We are nearing a key TIME-CYCLE TURN DATE--remember that things could change again, very abruptly.
Keep the analysis and trigger areas in mind. For those of you who have been mirroring some of our recent trades, remember we locked in more profits in gold recently and are currently looking at locking in profits from last week's aggressive Russell 2000 related trade.
Log In at www.shepwave.com for Friday's TWO Important ShepWave Updates.
ShepWave has reached its preferred maximum number of subscribers. We will be cutting off new subscribers at least temporarily by next Monday, May 8th. Current or previous subscribers can always renew. Just email me at shep@shepwave.com if you have any questions about renewing.
IMPORTANT INTRA DAY UPDATE FOR FRIDAY PUBLISHED:
Notice that we did see the anticipated overthrow of the upper trend line as delineated in the short term SPY/SPX chart. Now we have new trigger areas for potentially new positions. Remember I am looking to double the recently entered positions. See the TRIGGERS!
Log In at www.shepwave.com for today's Intra Day ShepWave updates.
Our three recent Treasury Bond charts combine to show you trader sentiment, price action and important near-term turns and trends.
Learn the Why, What and How of Elliott Wave Analysis
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This article was syndicated by Elliott Wave International and was originally published under the headline Recall This Bond Trader Chart? Here's What Happened. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
| 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. |
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