ShepWave Updates for Tuesday. Important Technicals!
by ShepWave.com
Posted: 6/12/2017 16:59 EST

SPECIAL Update for  Tuesday: Special 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.

The markets are at a very critical point currently. The recent signals in GOLD, SILVER and Crude Oil related plays have been very profitable; don't give up profits! There are some new notes in the GOLD, SILVER and GDX (MINING) plays.

Also read the Pre-market Update for Tuesday.

Again: the major equity indexes continue to be profitable with their short term moves. The short term sell signal in the Nasdaq indexes was nice (Friday) but now we have to be vigilant to closely examine the technicals for the next move.

Log In at www.shepwave.com for ShepWave Updates.

9:00 AM ET USA. Additional Pre-Market Notes Published:

The futures are up a bit this morning. The key is to watch the short term wave action in equities. Also, see the key triggers as given in today's Update.

Log In at www.shepwave.com for the additional Pre-Market Notes in today's Update.

1:08 IMPORTANT INTRA DAY UPDATE PUBLISHED.

Our short term bounce targets issued a couple of days ago have BEEN HIT!  So now what? Do we go bet the house on the bearish side?  Please, read the notes and see  our next confirmation / trigger signals.

The objective--astute--and profitable trader is always watching for confirmation and more technicals to confirm movement. The naïve trader is the one who is emotional and has a feeling about a trade.

Stay objective.

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

 It is recommended for new subscribers to go through past updates to get a feel for what technical information has brought us up to this point.

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