ShepWave
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 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 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
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 mind for any shorter term trading or investing.
Gold has been hovering around its 200 week moving average over the past couple of weeks 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 to this critical 200 week moving average.
Log In at www.shepwave.com 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.
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Trader Case Study: What Happens When You Use Corporate Earnings to Pick Trades According to mainstream economic wisdom, earnings data is king to determining a financial market's price trend. But if that were true, then why did Regeneron Pharmaceuticals plunge 35% in late 2017 -- after one of its most positive earnings reports ever? The answer might surprise you. Read More |
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Is This a Big Sign of a Big Stock Market Turn? Stock market history teaches lessons that investors can apply today. One of those lessons is how to correctly interpret the timing of financial regulations. Hint: Congress always tries to prevent the crashes and encourage the rallies that have already happened. Read More |
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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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