ShepWave UPDATES FOR MONDAY. ALSO--SPECIAL Article From Elliott Wave International.
by ShepWave.com
Posted: 6/9/2018 00:08 EST
ALL UPDATES FOR MONDAY
PUBLISHED. The Pre-market / Intra Day Update for Monday has
now been published. Remember this week is critical for
technicals. We have the Russell 2000 index hitting new all time highs and
also we have some potentially critical short--to--mid term technical patterns
seen in Crude Oil (WTI). These will have an influence on the major U.S.
equity indexes. The key for this week is to see how the potential
ISLAND patterns set up. Island Patterns are a favorite of
ShepWave.com. Log In at http://www.shepwave.com/ for Monday's
Pre-Market / Intra Day ShepWave Update.
SPECIAL FREE ARTICLE AVAILABLE FROM
ELLIOTT WAVE INTERNATIONAL:
The Second ShepWave Update for Monday has been published.
The Regular Update, showing daily time frame analysis and triggers for the major U.S. equity indexes; Crude Oil: GOLD; and the VIX.
IMPLICATIONS (and contradictions) of new all-time highs in the RUSSELL 2000 and NASDAQ indexes, and the OUTISDE-DOWN WEEK technical pattern of a few weeks ago in WTI CRUDE OIL need to be taken seriously!
The range of the past several weeks for the major U.S. equity indexes will end! Be ready!
It is recommended for new subscribers to go through past updates to get a feel for what technical information has brought us up to this point.
ShepWave analysis is always building upon previous technicals and analysis.
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.
Log In at www.shepwave.com for Monday's ShepWave Updates.
The Special ShepWave Update for Monday has been published. This update 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 traders/investors/analysts 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.
CRUDE OIL TRADERS--as of the week ending 5/25/2018 WTI Crude Oil saw an OUTSIDE DOWN WEEK pattern. See how the action has unfolded since that time. It is important to pay close attention to the implications that crude oil can have on the equity indexes.
Remember also--there is a potential
CRITICAL TIME-CYCLE TURN DATE coming up
soon. Things will get shaken up a bit. For now we
are fine-tuning the manner in which they will get shaken up.
Important Pattern in GOLD. The wedge pattern we have been tracking for Gold goes back to 2016 and is now coming to an important defining point. BE READY!
We hope everyone is enjoying their weekend.
Log In at www.shepwave.com for Monday's ShepWave Updates.
IMPORTANT: the implications we will see in the weekly chart of the Russell 2000 index could cover a wide range of possibilities; remember the index is now seeing clear recent bearish divergence even on the weekly time frame.
$169 SIX MONTH ShepWave Subscription Special.
ShepWave $169 SIX MONTH Subscription special for our valued customers will end soon. Thanks to all of our regular customers of 15 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 six months will automatically be added to your expiration date.]
15 Year Anniversary
Dear Reader,
Our friends at Elliott Wave International (elliottwave.com) just released a new, free report: "5 'Tells' that the Markets Are About to Reverse”. It reveals many false indicators – a.k.a. “head fakes” -- investors like you and me see every hour of every day.
In their nearly 40 years in the business, EWI has helped investors through bull and bear markets big and small. You’d be well-served to listen to what they have to say about today’s markets, too.
Read “5 'Tells' that the Markets Are About to Reverse” now, free.
Sincerely,
Shep
ShepWave.com
Who
is Elliott Wave International?
EWI is the world's largest
independent technical analysis firm. Founded by Robert Prechter in 1979, EWI
helps investors and traders to catch market opportunities and avoid potential
pitfalls before others even see them coming. Their unique perspective and
high-quality analysis have been their calling card for nearly 40 years, featured
in financial news outlets such as Fox Business, CNBC, Reuters, MarketWatch and
Bloomberg.
The one thing you can count on in financial markets, and society at large, is change.
I was reminded of this when I read this May 18 New York Times' headline and subheadline:
The Last Days of Time Inc.
... how the pre-eminent media organization of the 20th century ended up on the scrap heap.
Time Inc. has been purchased by the Meredith Corporation, which plans to spin off Time magazine, Sports Illustrated, Fortune and Money. All four magazines have suffered from declining ad revenue and declining circulation. There are other details, but the bottom line is that an established media empire, which had a long history of reporting on change, has now been swept up by change.
A generation ago, many observers would not have imagined that a company as iconic as Time Inc. would find itself "on the scrap heap."
But linear trend extrapolation has always had its pitfalls, and on changes that have been on a much bigger scale than one media company, which brings to mind what the 2017 book, The Socionomic Theory of Finance, said:
(1) It is 1975. Project the future of China.
(2) It is 1963. Project the cost of medical care in the U.S.
(3) It is 100 A.D. Project the future of Roman civilization.
In 1975, the Communist party was entrenched in China. ... Would anyone have imagined that China's economic production, in just over a single generation, would rival that of the United States?
In 1963, medical care was cheap and accessible. ... Would anyone have guessed that [today] pills would sell for $2, $20, $200 and even $1,000 apiece?
In 100 A.D., would you have predicted that the most powerful state in the world--the Roman Empire--would be reduced to rubble in a bit over three centuries? Few people of the day imagined that outcome.
Let me add: It's June 13, 2005 -- what were many people projecting for home prices?
Well, here's a Time magazine cover which published on that date:
If that cover was an indicator, most people expected home prices to keep rising. But, we know what happened: Housing stocks topped that very year and the "subprime mortgage crisis" hit about two years later. Eventually, home prices plummeted by more than 50% in some of the nation's high-flying real estate markets. Moreover, the Dow topped in 2007 and then suffered its worst decline in 75 years:
Yes, this dramatic trend change in the Dow also took many observers by surprise.
The reason you should brace yourself for more big financial and economic changes is that EWI's analysis suggests that the next financial change will again surprise the unprepared.
We just released this new, free report, 5 'Tells' that the Markets Are About to Reverse, that reveals many false indicators – a.k.a. "head fakes" -- investors see every day. The report helps readers separate themselves from the herd and survive (and thrive) in volatile markets. Read the free report now.
This article was syndicated by Elliott Wave International and was originally published under the headline Why You Should Brace Yourself for Big Financial Changes. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
| 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. |
|
| About my BLOG |
|
|||||||||
| Su | Mo | Tu | We | Th | Fr | Sa | |||
| 1 | 2 | 3 | 4 | 5 | 6 | ||||
| 7 | 8 | 9 | 10 | 11 | 12 | 13 | |||
| 14 | 15 | 16 | 17 | 18 | 19 | 20 | |||
| 21 | 22 | 23 | 24 | 25 | 26 | 27 | |||
| 28 | 29 | 30 | |||||||
|
Post back your comments What do you think of this blog entry? Post back your comments and let us know.
|
