ShepWave TWO IMPORTANT UPDATES for Monday Published.
by ShepWave.com
Posted: 9/1/2018 01:27 EST
The SECOND ShepWave Update for Monday has been published. The Regular Update gives daily time frame analysis and triggers for the major U.S. equity indexes; Crude Oil: GOLD; and the VIX. Notice the new all time highs in most of the major U.S. equity indexes--as anticipated. Also take note of the RSI readings on the various time frames and the short term wave patterns and key trend areas. Expect some more volatility to be coming quickly. WTI-CRUDE OIL has been issuing some profitable turn-signals. We may be ready for another! GOLD has been predictable for short-to-mid term traders. 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.
Most of the key U.S. equity indexes have recently made new all time highs.
There is one laggard among the major U.S. equity indexes. If you are familiar with Dow Theory, you know that some analysts see this as a critical element in the continuation of the rally--or not.
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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