ShepWave IMPORTANT Updates for Monday. NDX HITS Repeatedly NEW NEW HIGHS THEN SELLS OFF?
by ShepWave.com
Posted: 6/13/2020 00:35 EST
1:08 PM ET USA. Intra Day Update for Monday: Today's charts have been refreshed. NOTE the new aggressive short term signal. USE STOPS and possibly exit this by the end-of-day. Log In ShepWave.com for Monday's Pre-Market / Intra Day ShepWave Update. $99 ONE YEAR SUBSCRIPTION SPECIAL! (as we get closer to the Presidential election of November 2020 this year, I will be raising prices to limit new subscribers. Renew before this increase.)
Pre-market / Intra Day Update for Monday Published. Remember the notes we gave TWELVE weeks ago, on the WEDGE pattern we are using as a potential short term aggressive signal! That was a critical short term aggressive BUY SIGNAL we gave on Tuesday, March 24, 2020. Things will be volatile--BE READY!~ Log In at ShepWave.com for Monday's Pre-Market / Intra Day ShepWave Update. $99 ONE YEAR SUBSCRIPTION SPECIAL! (as we get closer to the Presidential election of November 2020 this year, I will be raising prices to limit new subscribers. Renew before this increase.)
Please be safe. ShepWave has readers in all states of the United States and in many countries around the world. This weekend in the U.S. we are seeing some riots and violence. You are all in our prayers and thoughts. Please be safe!
FOR THIS WEEK--compare the varying technicals between the SPX/SPY, DOW INDU, IWM/RUT and QQQ/NDX. Always be watching for confirmation signals in the various indexes.
THOSE OF YOU WHO TOOK THE AGGRESSIVE SIGNAL based on the Island Reversal on Thursday, June 11, 2020 pay close attention to the notes here in this update for further guidance and follow-through (or not).
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.
Have we seen our last *new* all time high for the major U.S. equity indexes, for a while?
Nasdaq 100 Index Hits a NEW ALL TIME HIGH of 10,155.20 on Wednesday, June 10, 2020.
NASDAQ 100 Hits NEW NEW HIGHS THEN SELLS OFF?
CAN'T MAKE THIS STUFF UP!! Notice how quickly (most of) the indexes hit their gap up opens from October 2019--and from there proceeded to rally. NOW--we have some gap up opens from the March 23, 2020 lows.
WTI-CRUDE OIL has been issuing some profitable turn-signals. Can WTI-CRUDE OIL hold the upper $30 range?
GOLD Traders--DON'T LOSE PROFITS! IMPORTANT MID TERM TRADING GUIDELINES HERE!
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.
IMPORTANT For the week ending Friday, June 12, 2020--ShepWave has been receiving many emails from other analysts concerning our aggressive call of the short term lows of Monday, March 23, 2020 and the AGGRESSIVE BUY SIGNAL we issued on Tuesday, March 24, 2020. We want to caution everyone--to protect recent profits. Be watching for aggressive signals in the IWM (RUT) possibly coming early this next week. These signals will likely carry-over to the other indexes.
DON'T MISS THE NEXT BIG MID-TERM Trading Opportunity!
Log In at SHEPWAVE.COM for Monday's ShepWave Updates
$99 ONE YEAR SUBSCRIPTION SPECIAL! (No discount codes necessary. Market volatility is heating up--all special rates will be short-lived and ending soon!)
Weekly Analysis for Dow Indu, Dow Tran, SPX, NDX, RUT, and WTI Crude, Gold.
Is the rally over? Did the major U.S. equity indexes see key all time highs in February 2020? NDX HITS NEW HIGH on JUNE 5, 2020. Just take this one technical at a time!
Pay attention to the weekly time frame charts for WTI-CRUDE OIL. WTI-CRUDE OIL seems to be settling in the mid $30s. But notice recent gap down open (on weekly time frame) has now been filled. This could play into the indexes.
Nasdaq 100 Index Hits a NEW ALL TIME HIGH of 10,155.20 on Wednesday, June 10, 2020.
NASDAQ 100 Hits NEW NEW HIGHS THEN SELLS OFF?
GOLD--finds support?? GOLD has been range bound for a few weeks now. Pay attention to the technicals on the weekly time frame.
Now is not the time to play around. Be ready!
TURN OFF THE CNBC! Does anyone actually still watch?
Log In SHEPWAVE.COM for Monday's Special Update.
$99 ONE YEAR SUBSCRIPTION SPECIAL! (No discount codes necessary. Market volatility is heating up--all special rates will be short-lived and ending soon!)
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| 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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