ShepWave IMPORTANT UPDATE FOR TUESDAY. MARKETS CONTINUE TO BE PREDICTABLE!
by ShepWave.com
Posted: 8/28/2017 20:42 EST
IMPORTANT UPDATE FOR TUESDAY PUBLISHED:
We did see the sizable gap down open this morning in the major U.S. equity indexes to support the aggressive signal based on the Island Reversal pattern--that I have been discussing over the past week.
Yes, that was an aggressive call--and wasn't it timely that the Island pattern was comprised exactly of five days of trading activity?
YOU JUST CAN'T MAKE THIS STUFF UP! Right?
Well, not so fast. It is important NOT to make assessments that go beyond the bounds of what the technicals are giving us. PLEASE READ THE INTRA DAY NOTES IN TODAY'S UPDATE CLOSELY.
Log In at www.shepwave.com for todays' Intra Day ShepWave Update.
The Pre-Market Update for Tuesday PUBLISHED
The activity regarding the futures is something covered in Tuesday's Update. REMEMBER: we have been looking for a gap open--to potentially issue a significant trading signal--but be careful making too many presumptions at this time.
CRUDE OIL traders--See critical notes regarding that trade. Don't let a little upcoming whip-saw throw us off. This will be critical in the next week.
As covered recently, we are seeing some no-brainer trading opportunities in GOLD. Notice where gold is this evening--and then refer to my target area. (See the Regular Update for Monday's GOLD chart.)
YOU JUST CAN'T MAKE THIS STUFF UP!
The $119 Subscription Rate for NEW SUBSCRIBERS is going to end.
Log In at www.shepwave.com for 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.
This 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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