ShepWave All Updates for Monday Published. Critical Week for US Stocks! Don't Fall for Head-Fake!
by ShepWave.com
Posted: 7/20/2018 23:52 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. Remember the importance of watching a gap open carefully--especially with regards to any aggressive trade signals.
Log In at http://www.shepwave.com/ for Monday's Pre-Market / Intra Day ShepWave Update.
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 several weeks ago--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 is currently being 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 http://www.shepwave.com/ for Monday's ShepWave Updates
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| 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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