ShepWave IMPORTANT Updates for Monday. Again, Markets Very Predictable!
by ShepWave.com
Posted: 8/11/2017 22:50 EST
INTRA DAY UPDATE FOR MONDAY:
Keep the new targets in view. Mainly we will be watching the actual wave action. This will enable us to identify new short term trigger areas and to see more clearly the short to mid term trend.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
3rd and Final Update for Monday has been published:
IMPORTANT WEEK
Remember last Sunday night as we were finishing off the last of the updates for Monday, we emphasized the TIME-CYCLE TURN DATE which was coming on Monday or Tuesday (of last week)? Well, we did in fact get the TOP on Tuesday; and it was followed by a sudden reversal.
AGAIN, YOU JUST CAN'T MAKE THIS STUFF UP!!
So, now can we bet-the-house on the bearish side for the major U.S. equity indexes? Well, it is not that easy. Remember the key to any analysis is to stay objective. It will be the actual wave formation of the bounce that will play a critical key into our next trade placement.
Log In at www.shepwave.com for Monday's IMPORTANT ShepWave Updates for Monday. There are THREE IN TOTAL.
As mentioned last week we will be raising the subscription rates incrementally. The next raise will come by Tuesday evening. This is to serve as a limit of new subscribers so we can maintain a personal level of training and analysis. I am sure all of you long-timers understand.
2nd Update for Monday Published. DAILY TIME FRAME. Crude Oil, Gold and the VIX remain highly predictable.
Critical short to mid term triggers in play NOW.
Read the notes and analysis closely in this update. You will see that key trend lines and trigger areas which we have been following for years in some cases--are coming into play.
Remember last November when we saw a key trigger which gave a BUY SIGNAL after the Trump victory? Well, some of those trigger areas are coming back into play.
Now is not the time to be an emotional trader---TURN OFF CNBC!
Stay Objective.
This applies not only to equities but as well to Crude Oil, Gold and the VIX--notice how predictable those have been as well.
Log In at www.shepwave.com for Monday's IMPORTANT ShepWave Updates.
Again, You JUST CAN'T MAKE THIS STUFF UP!
Even the anticipated new highs in some of the Indexes (Dow Industrials and S&P 500) came in this past week, prior to seeing a succession of short term sell signals. Based on emails at least most of you have been taking advantage of the clarity of market signals recently.
Also, based on emails those of you who went long the aggressive GOLD play on July 11th have been able to take advantage of that move.
Now is not the time to get over-confident. We need to stay objective. Yes, the OUTSIDE DOWN WEEK patterns we are seeing in some of the major U.S. equity indexes--as anticipated--have work out well, but we need to be careful in crossing the boundaries of objective trading and investing into highly speculative trading. Going too strong in what we believe to be the coming trend could be risky.
Please read notes and analysis carefully in this first update for Monday--containing the weekly time frame charts for the major U.S. equity indexes.
This will be an important time in the history of the U.S. markets.
This is not a time to be complacent or naïve to the action.
TURN OFF CNBC!
Log In at www.shepwave.com for Monday's ShepWave Updates.
Due to the technicals and the fact that ShepWave is at our preferred maximum number of subscribers to maintain our personal service--we will begin raising prices for new subscribers.
ShepWave $119 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
A ShepWave review of Robert Prechter's most recent book coming soon.
"The Socionomic Theory of Finance", (2017, 2nd Printing)
Prechter has served the financial community well, over the past several decades. Any analyst should have a debt of gratitude for his work. He has managed to bring true objectivity to a field that is usually characterized by emotion and greed.
Socionomics Inst Socionomics Institute
Elliott Wave International
| 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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