ShepWave Pre-Market / Intra Day Update for Wednesday.
by ShepWave.com
Posted: 9/5/2017 22:55 EST

Nice move in Gold again on Tuesday. The call in July has worked out well.  We received a couple of emails saying that a big Wall Street group has now given some similar targets to ours which were given several weeks ago. Honestly, if the major analysts are in agreement with ShepWave analysis then it is probably time to re-do our analysis.

The key to spotting key tops is in the wave patterns.  This is not as confusing as one might think. It is important to stay calm and focus on the technicals rather than trying to read-in supposed economic or socionomic factors that perhaps should affect the markets but never do; at least not at that time.  

CNBC has done a great job over the past almost 30 years in brainwashing traders and investors into thinking there is always a direct relationship between these ideas.

The short term aggressive signals on Tuesday worked out well.  Don't make assumptions with regards to the short-to-mid term trend yet.

Log In at www.shepwave.com for Wednesday's Pre-Market / Intra Day Update.

Was Tuesday's sharp selling pressure a result of the ShepWave TIME-CYCLE TURN DATE?  Remember to always watch for confirmation. Do NOT be naïve and sloppy.

IMPORTANT Intra Day Update for Wednesday Published:

Please read the new notes in today's Intra Day Update closely. Remember that ideally we look for Elliott Wave Theory corrective patterns to unfold. There are a few potential patterns for this current time for the short term trend--but as this action unfolds it should provide guidance for the short-to-mid term trend.

See key target and trigger areas.

Over the past years many analysts have kept trying to call a market top, or predict for X to happen. They keep giving projections and keep being wrong. That is why ShepWave takes it wave-by-wave or blow-by-blow to support the coming direction of the equity indexes.

So far so good in the Gold trades. But remember, when I made the buy-call in July (11th) it was an aggressive call and the target to just above the 1377 area was a hypothetical target. Granted now it has worked out great, right? Sure. But we take all technical analysis one thing at a time. Many analysts over-step the boundaries of technical analysis and THAT is why they are never right. We at ShepWave do things a bit differently. Don't take to heart that other analysts are now giving the ShepWave targets given months ago. It is not as uncommon as one may think. But it does make me re-evaluate my own analysis.

Read today's notes carefully.

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

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.