Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG


ShepWave IMPORTANT Week for the Equity Indexes this week. Read all THREE Updates for Monday Carefully.
Posted: 10/6/2017 22:26 EST


There is still the potential of an Island Pattern being formed currently. Remember that means we could continue to see a tight range-bound action--followed by an abrupt change in short term trend. Those of you who have been with ShepWave for a while are well familiar.

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


Please read all three updates for Monday. It is very important to understand the current technicals in the weekly and daily time frames---when considering the shorter time frames (15 and 60 minute) for those of us who are active traders. It is like understanding the genre and context of a book.

NEW SUBSCRIBERS may get cut off this week. ShepWave has reached our maximum number of subscribers. There is a necessity to limit subscribers from time-to-time due to the personal nature of our analysis; there simply is not enough time in the day to go beyond a certain number. BUT, if you are a past subscriber--and I do cut off new subscribers--just email me.

Log IN at for ShepWave Updates.

Regular Update for Monday: Equity Index, Crude Oil, Gold, and VIX analysis. DAILY CHART ANALYSIS--has been published.

We are dealing with some very important technicals currently. Please read all of the notes carefully--they all work together to present the current picture for the major U.S. equity indexes as well as Crude Oil, Gold and the VIX.

Expect a bit of volatility this week.

Log In at for Monday's Regular ShepWave Update.


The Special ShepWave Update for Monday has been published. This update will shows the weekly time frame analysis for the major U.S. equity indexes as well as for Crude Oil and for Gold.

A lot of people have been trying to call the top in the major U.S. equity indexes for years now--only to fail attempt after attempt. Please read the notes in this update carefully. Remember, any bullish (or bearish)  implications we are seeing on the weekly time frame for equities need to be kept in context when considering shorter term trades.

Remember the weekly time frame serves as a reference point of context for those short term more aggressive traders.

We hope everyone is enjoying their weekend.

Log In at for Monday's ShepWave Updates.


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.

Monday's Pre-Market / Intra Day Update will be published later Sunday evening.

This next week is going to be very important. Please read the notes and analysis carefully in the charts below.

There will be a total of three updates for Monday.

Enjoy your weekend.

$139 One Year ShepWave Subscription Special.

14th Anniversary Special. This will end in a few days.

ShepWave $139 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

As we have been saying for the past couple of weeks, the Regular ShepWave Subscription prices will be going back to their original price of $250 for One Year.

Reference: 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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