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 All Updates for Monday Published.
Posted: 7/7/2018 00:38 EST

 The Pre-market / Intra Day Update for Monday has now  been published.

Remember this week is critical for technicals and in particular we should be ready for some more short term whip-saw activity.

Watch Monday's open carefully. As of now (10:20 PM ET Sunday, USA) the futures are in the positive. Remember what we initially look for as a default of sorts on gap up opens. 

Log In at for Monday's Pre-Market / Intra Day ShepWave Update.


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.

As covered last week--we saw for the sixth time in the last year the Dow Transportation index hit a key technical area.  This time we may see a different outcome--read notes carefully!  The projection here will affect the other indexes.

WTI-CRUDE OIL has been issuing some profitable turn-signals.  We may be ready for another!

The OUTISDE DOWN WEEK technical pattern in Gold from several weeks ago--brought some quick and direct selling activity. Notice the 200 week moving average of GOLD has almost been hit. This will play into our mid to longer term trading and investing of GOLD.

It is recommended for newer 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.  The key is to follow the appropriate Trade Triggers as given by ShepWave analysis.


 Log In at for Monday's ShepWave Updates

Regardless of any TIME-CYCLE TURN DATE speculations (or expectations) we may be tempted to have--we need to be playing the technicals as usual. 

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.


Stay objective. These whip-saw moves we are seeing in the equity indexes and in the commodities were anticipated--and are common at key market junctures. 

It is probably not a coincidence that the DOW TRANSPORTATION INDEX hit a key support level on June 28th--the very first day of our TIME-CYCLE TURN DATE.

If you are making any assumptions for the current TIME-CYCLE TURN DATE--and any possible effects it will have on the markets--FORGET IT!  This is such an important time in the markets that we will need to take all of the signals as they come.

These next few weeks could be the most important few weeks we have seen a quite a while with regards to the major U.S. equity indexes and the commodities: namely, Gold and WTI CRUDE OIL.

NOTE: Gold hit its 200 week moving average this past week. This will play for Gold traders--but be watching for actual signals this next week.  The OUTSIDE DOWN week we saw in gold several weeks ago proved to take Gold quickly this critical 200 week moving average.


Remember the Trump election of November 2016? The Dow Industrial futures were down over 1,000 points below fair value on the night of the election. That was the lowest they have been since.  After that date we saw what had been a key resistance line become the major support line over the past year and a half.

Log In at for Monday's ShepWave Updates.

 IMPORTANT: the implications we will see in the weekly charts of the Russell 2000 and Nasdaq Indexes making new all time highs need to be understood with caution. 

The $169 SIX MONTH Subscription Special will be ending soon.

Thank you for being with ShepWave for over 15 Years.



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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