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. CROSS-OVER MACD SIGNAL ON THE WEEKLY RUT?
Posted: 10/6/2018 01:18 EST

11:09 AM ET USA. Intra Day Update for Monday:

Intra Day Charts have been refreshed. New notes have been added to the 15 minute SPY and 15 min QQQ charts. The wave count possibilities are covered in those two charts for the short term. Remember if this is an impulsive bearish move since the recent highs or if this is part of a correction--the individual waves will exhibit characteristics that will help us determine the trend as we go along.

Watch the technicals very closely.

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Pre-Market /  Intra Day Update for Monday Published.


The futures are up only slightly at this time 9:00 PM ET USA Sunday Evening, October 7, 2018. We have had some subscribers send some speculative wave counts--some saying they believe the markets have begun a wave 4 rally then to resume the downtrendBe careful assigning such a wave count. 

Remember wave 3's are typically the longest wave of a five wave impulsive sequence and NEVER the shortest (otherwise the count needs to be relabeled).  Remember too that wave 3's can subdivide into five waves.  So, that is what we may be dealing with now in the SPY/SPX for example.

Please take the THREE updates which have been published for Monday into consideration as you begin your trading strategy this week.

Also--remember we saw OUTSIDE-DOWN WEEKS in both the SPX/SPY and NDX/QQQ indexes last week. This could be a bearish factor.


Log In at for Monday's ShepWave updates.

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 last week after some of the key indexes hit new all time highs.


But now is not the time to be lazy.  Follow the signals as they come. 

IMPORTANT: BOTH the Nasdaq (NDX) and S&P 500 (SPX) indexes experienced OUTSIDE-DOWN WEEKS last week--an important technical pattern.  This is not something to take lightly.

WTI-CRUDE OIL has been issuing some profitable turn-signals. We may be ready for another! We heard from our OIL ANALYST, Mr. T.

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 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.

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 and analysis 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.

We at ShepWave have rarely had to change the analysis on the weekly time frames over the past several weeks--maybe even months--for the equity indexes.  This should be telling you something.

Those who follow the DOW-THEORY, either be-ready, or beware.

IMPORTANT--RUSSELL 2000 INDEX: Read the important new notes just added to the weekly time frame chart for the Russell 2000 index. ShepWave has received many emails from subscribers who have been taking advantage of the Trade-Call we made Thursday evening (September 27th and even before) relative to the Russell 2000 index.  Don't be na´ve.   The action we are seeing in the weekly time frame for the Russell 2000 index should be seriously considered.

Crude Oil continues to give profitable signals--be sure to read the daily time frame analysis for WTI-CRUDE OIL which is published for every Monday and Thursday.

Gold  gave us an OUTSIDE DOWN week (technical pattern) several weeks ago and has proven a successful pattern, managing to take Gold quickly to below its critical 200 week moving average.

Log In at for Monday's ShepWave Updates.



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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