ShepWave ALL UPDATES for Monday Published. CRITICAL GAP-ISLAND PATTERNS FROM LAST WEEK
by ShepWave.com
Posted: 8/10/2018 23:28 EST
IMPORTANT INTRA DAY UPDATE FOR MONDAY PUBLISHED:
So far so good with regards to short term signals we saw last week.
Monday's Intra Day Update shows some risks involved in recent triggers and what we need to see to confirm the potential changing of the trend in some cases.
Log In at www.shepwave.com for Monday's Intra Day ShepWave Update.
Pre-Market / Intra Day Update for Monday Published.
Be sure to read all of the notes in all of the charts in this update for Monday.
When is an apparent or possible Island Reversal *not* an Island Reversal?
Answer: to be found in this Pre-Market / Intra Day Update for Monday.
Here is your clue: it has something to do with successive gap opens.
Now is not the time to be a naďve and reckless trader/investor.
Log In at www.shepwave.com for Monday's Pre-Market / Intra Day ShepWave Update.
ALL UPDATES FOR MONDAY HAVE BEEN PUBLISHED.
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 suspected--we saw a critical move on Friday--based on the three-day Island Formation in the SPY/SPX.
YOU JUST CAN'T MAKE THIS STUFF UP!
But now is not the time to be lazy. Follow the signals as they come.
IMPORTANT: closely read the new notes in the daily chart of the Dow Industrial index as given in this second Regular Update for Monday. Take SIGNALS as they come. Don't be anticipating a move without the proper signal.
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
SPECIAL ShepWave Update for Monday Published: Weekly Time Frame analysis for the Major U.S. equity Indexes as well as WTI CRUDE-OIL and GOLD has been published.
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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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