ShepWave SPECIAL Update for Monday Published. IMPORTANT
by ShepWave.com
Posted: 6/10/2017 00:29 EST
Important Special Update for Monday Published. Weekly time frame analysis for the major US equity indexes as well as crude oil and gold.
The indexes ended close to unchanged this week; Oh, except for the Nasdaq. The divergence here alone is enough to raise some interest.
Keep in mind that when the indexes are making key market tops--either for a mid term or longer term trend--that measuring how the markets are making their tops is important. Is there divergence? Are there chart patterns that give rise to sudden reversals? These are just a couple of the technical factors that one wants to consider regardless of how aggressive of an investor or trader he may be. These patterns are pertinent to the current market conditions.
Please read the notes and analysis carefully in this update. Analysis for the major equity indexes is given in this update as well as the critical weekly time frame analysis for Crude Oil and Gold. Again, these two commodities continue to be very predictable--and therefore very profitable--but that is not a reason to be sloppy. Always be alert.
Log In at www.shepwave.com for Monday's Special ShepWave Update showing the weekly time frame analysis.
Monday's Regular Update has been published. This update shows the daily time frame analysis for the major US equity indexes as well as Crude Oil, Gold and the VIX.
The Pre-Market / Intra Day Update for Monday has been published:
I hope you are all well rested after the action of last week. The NDX / QQQ saw two weeks of rally erased in one day. Based on the short term aggressive sell signals given for Friday in the Pre-Market Update (and based on the emails from a lot of you), at least most of you seem to have pocketed some nice profits in that trade.
So, now what? Will we see a rebound? Or are the OUTSIDE DOWN week and day chart patterns an ominous bearish warning?
Not is not the time to become an emotional trader. Stay objective.
Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update. Remember there are a total of three updates which have been published for Monday.
ShepWave analysis is always building upon previous technicals and analysis.
As a note of caution: There are a lot of analysts who try to predict wave counts. Please be careful of doing that. It is good to understand the dynamics and underlying principles of Elliott Wave Theory but in the labeling of wave patterns, remember that no pattern or wave count is official until the next wave series begins. So many otherwise really good analysts seem not to understand this simple concept with regards to Elliott Wave Theory.
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 efficient 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.
$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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