ShepWave Updates for Tuesday. Are the major US equity indexes topping?
by ShepWave.com
Posted: 5/26/2017 17:37 EST
This first ShepWave Update to be published over this holiday weekend in the U.S. gives the weekly time frame chart analysis for the major U.S. equity indexes, Crude Oil and Gold.
Proper Technical Analysis is a Science, an Art, and a Discipline:
It is a SCIENCE in that we identify and analyze key technical occurrences and correlations. These lead to patterns which can be used to identify probable future directional movements.
It is an ART because there are times when the strict definitions and observations have variable outcomes. The market analyst has the history and experience to put all of the contextual observations--which go beyond the bounds of the immediate contextual evidence--to find the most probable future pattern. Note most analysts do not actually provide future probability in the same way ShepWave does.
It is a DISCIPLINE in that we have guidelines to use to minimize any possibility of the market(s) going against our prescribed direction. This is also one of the aspects that most analysts do not designate clearly. This can make the difference between a consistently profitable trader/investor or one who loses consistently.
Log In at www.shepwave.com for Monday's ShepWave Updates.
Regular Update for Tuesday Published. Daily time frame analysis for major U.S. Equity indexes, Crude Oil, Gold, and the VIX.
Pre-Market Update for Tuesday Published.
All of the updates for Tuesday have been published. There are three in total. These updates take you from the longer term weekly time frame to the daily time frame to the shorter term time frames (15 minute and 60 minute).
I cannot stress enough the importance of understanding where the markets are technically, with regards to all of these time frames. It helps to guide all of our trading and investing decisions.
Log In at www.shepwave.com for Tuesday's ShepWave Updates.
$149 One Year ShepWave Subscription Special.
ShepWave $149 One Year Subscription special for our valued customers will end soon. Thanks to all of our regular customers of 14 years. This special offer is being extended to any new subscribers as well, for a short time only. [To current up-to-date subscribers, the one year will automatically be added to your expiration date.]
14 year anniversary in June
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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