ShepWave Updates for Monday. IMPORTANT WEEK COMING!
by ShepWave.com
Posted: 8/25/2017 23:25 EST

Intra Day Update for Monday has been published.

Also, I have had some communication with a few of you today who trade Crude Oil. There is some interesting activity going on today. A quick note has been added to today's update regarding this action. I will go into more detail for Tuesday--once we see how Crude Oil behaves for the rest of the day.

STAY SAFE!

Log In at www.shepwave.com for today's Intra Day ShepWave Update and the quick note regarding OIL.

The third ShepWave Update for Monday has been published.

Please pay attention to the notes. We do have a potential for an Island pattern working out by Monday or Tuesday. This could present some interesting short term and possibly short to mid term trading opportunities.

We have many subscribers in the Houston area. Our prayers go out to you. Please be safe!

Log In at www.shepwave.com for Monday's ShepWave Updates.

Second Update for Monday PUBLISHED.

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 together 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 http://www.shepwave.com/ for Monday's IMPORTANT ShepWave Updates.

Yes, the markets remain predictable--but note that we have not seen any critical signals on the weekly time frames.  NOT YET!  These could be coming soon.

The SPECIAL Update for Monday has been published. This update will show the technical analysis for the major U.S. equity indexes as well as Crude Oil and GOLD on the WEEKLY TIME FRAME.

Remember as said three weeks ago, "Just to review briefly: we do have some key technicals on the weekly time frame which do point to a potential short to mid term bearish trend change. But we have NO SELL SIGNAL. Note the distinction."

IMPORTANT OBSERVATION: I want you all to notice the rally in the S&P 500 index since the March 2009 low of 666.79. (Shown in the weekly chart of the S&P 500 index in this update.)  The markets have been propped up for a long time--and let's face the reality of the situation: WHEN  things begin to crumble--we could see a quick downward move.  But for now, let's not get ahead of ourselves. Take one signal at a time.  Many traders and investors continue to lose a lot of money by trying to be preemptive at the wrong time. It is better to be patient--and maybe miss a couple of points--then to be wrong and totally lose.

Log In at www.shepwave.com for Monday's Updates. There will be three in total.

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.