ShepWave TWO Important Updates for Thursday Published. $99 SIX MONTH SUBSCRIPTION SPECIAL
by ShepWave.com
Posted: 8/29/2019 01:20 EST

2:36 PM ET USA. Intra Day Update for Thursday:

Today's charts have been refreshed.

IMPORTANT: Note the upper trend line of our recently added wedge pattern--is being hit.  CAN'T MAKE THIS STUFF UP!.

So now what? 

See the new notes added this afternoon with regards to trading this short-to-mid term wedge pattern. Wedge patterns have a shelf-life--keep that in mind.  They only serve to transition to the next larger degree move.

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

$99 SIX MONTH SUBSCRIPTION SPECIAL

The Pre-Market / Intra Day Update for Thursday has been published.

Notice how the shorter term charts compare to the daily time frame charts.

Short-to-Mid Term Traders need to pay close attention to both the 60 minute time frame analysis in this update--as compared to the daily time frame analysis in the Regular Update for Thursday.

Log In at http://www.shepwave.com/ for Thursday's TWO ShepWave Updates.

Again, YOU  JUST CAN'T MAKE THIS STUFF UP!

IS THE FED READY TO CUT RATES TO ENSURE THAT THE MARKETS STAY AFLOAT?  OR will cutting rates cause a scare!?

Log In at www.shepwave.com for the Regular ShepWave Update for Thursday.

$99 SIX MONTH SUBSCRIPTION SPECIAL

Gold Fever: Just How Hot? U.S. Stocks: See What Can Happen After Volume Contracts A Revealing Insight into the "Personality" of the Stock Market's Unfolding Elliott Wave Summer of Love for Gold Bulls: How "Quandary" Became Clarity How to Capitalize on Market Corrections Elliott Wave Market Minute The big picture in U.S. markets is approaching another critical juncture. What happens next can make or break more than one portfolio. August 22-29 only, FREE, Elliott Wave International's flagship Financial Forecast Service gives you the latest for stocks, bonds, gold, the economy and more -- it's a full picture. Join Financial Forecast Service FreeWeek now.

Gold Fever: Just How Hot?
This group's number of net-long futures and options contracts reach "a record extreme"

By Elliott Wave International

"Gold fever" is back.

As you may recall, "gold fever" was a phrase often used eight years ago to describe gold's rapid price rise.

Indeed, on Sept. 2, 2011, trader optimism had carried the Daily Sentiment Index (trade-futures.com) to 92% gold bulls. Just nine days later, the price of gold hit its all-time high of $1921.50 on Sept. 6, 2011.

With that in mind, the Aug. 26 U.S. Short Term Update reminded subscribers that:

Gold fever can run as hot as a supernova near the end of rallies, and prices often spike to a top.

Moreover, that issue of the Short Term Update showed this chart and also said:

Investor bullishness toward [Gold] remains extreme. Friday afternoon our chart showed that Managed Money Accounts are net-long 285,090 futures contracts, a near-record total. Large Speculators, a category of traders similar to Managed Money Accounts, are net-long 349,647 futures and options contracts, which is a record extreme... The bottom of our graph shows the 10-day average of the Daily Sentiment Index (trade-futures.com), which recently jumped to 91.1% gold bulls, the highest extreme since gold's peak in September 2011.

The Short Term Update goes on to discuss a possible price range for the end of gold's rally.

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