ShepWave TWO Updates for Monday Published. CRITICAL WEEK COMING. POSSIBLE OUTSIDE DOWN MONTH PATTERNS!
by ShepWave.com
Posted: 5/24/2019 22:51 EST

 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.

NOTICE THE WEDGE PATTERN  IDENTIFIED EIGHT WEEKS AGO as shown in the Daily Dow Industrial Chart given on March 29, 2019.  Have the past couple of weeks (ending May 17, 2019) been showing a coming bearish transition?

POTENTIAL OUTSIDE-DOWN MONTH Technical Patterns for the SPX an RUT.  CAN'T MAKE THIS STUFF UP!

WTI-CRUDE OIL  has been issuing some profitable turn-signals. Time to double down on bearish positions?

GOLD Traders--NEW Trend Channel to be watching.

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.

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ShepWave Special Update for Monday. Weekly Time Frame Analysis for Dow Indu, Dow Tran, SPX, NDX, RUT, and WTI Crude, Gold.

Is the rally over? Was that just a bounce up from December lows--and not a mid to longer term rally?

The markets are facing some critical technical signals on the weekly time frames that need to be seriously considered.

NOTE as covered several weekends ago: WTI--CRUDE OIL gave a technical OUTSIDE--UP WEEK Pattern for the week ending 2/15/2019.  Will this continue to play out for the BULLS?

Notice that as of the week ending on May 24, 2019 WTI-CRUDE OIL has hit key Fibonacci Retracement targets and closed the week down 6.8%.

CAN'T MAKE THIS UP!?!? 

Log In at http://www.shepwave.com/ for Monday's Special ShepWave Update.

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