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.

Log In at www.shepwave.com for today's Intra Day ShepWave Update

Pre-Market /  Intra Day Update for Monday Published.

ALL UPDATES FOR MONDAY ARE NOW 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 downtrend.  Be 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.

IMPORTANT WEEK COMING!

Log In at www.shepwave.com 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.

YOU JUST CAN'T MAKE THIS STUFF UP!

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 http://www.shepwave.com/ for Monday's ShepWave Updates