ShepWave Monday's Updates. And--FREE REPORT: Oil, gold, ETFs & more: FREE pro-grade forecasts
by ShepWave.com
Posted: 7/21/2017 23:27 EST
We will likely see some new short term triggers hit this week. So, it is time to stay on our toes.
The short term signals have been working out well: the bounce we saw from the wedge patterns a couple of weeks ago has indeed played out nicely giving some more short term profits on the long side. Is it time to flip?
Pay close attention to the analysis and triggers is ALL of the charts in this update.
Log In at www.shepwave.com for Monday's ShepWave Pre-Market / Intra Day Update.
Due to the coming triggers we will likely be cutting off new subscribers this week.
Again, YOU JUST CAN'T MAKE THIS STUFF UP!
Nice moves in GOLD recently: note the aggressive BUY SIGNAL given on July 11th has worked out flawlessly. So, now what? First of all, use stops that guarantee that you lock in profits. I do not mean to put an actual stop in place electronically--that would enable a bad tick to get you stopped out--but to pay attention to the action and have a key stop/loss area in mind as to when to pull-the-trigger.
The major U.S. equity indexes keep hitting new highs. Remember: especially regarding mid to longer term trading positions or investments--we have not seen a SELL SIGNAL at all--not even close. We can twist and turn the so-called economical environment statistics and see good reason for a bearish turn--BUT UNTIL WE SEE THE SELL SIGNALS---- WE DO NOT HAVE SELL SIGNALS! Inexperienced traders/investors tend to make this much more difficult than it is.
Log In at www.shepwave.com for Monday's ShepWave updates.
ShepWave $109 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
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About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts 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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