ShepWave SPECIAL Update for Monday. Weekly Time Frame Analysis.
Posted: 7/20/2018 23:52 EST
IMPORTANT: We will be out of town next week. If your subscription is about to expire you will want to renew prior to Tuesday. We will be eliminating the option to subscribe during next week. This is to avoid new subscribers coming on during this critical time in the U.S. markets.
The Updates will all be published for the Pre-Market but no intra day updates will be published next week (between July 23rd and July 28th) and we will be unable to reply to emails until later in the evening U.S. time.
The Regular Update, showing daily time frame analysis and triggers for the major U.S. equity indexes; Crude Oil: GOLD; and the VIX.
As covered several weeks ago--we saw for the sixth time in the last year the Dow Transportation index hit a key technical area. This time we may see a different outcome--read notes carefully! The projection here will affect the other indexes.
WTI-CRUDE OIL has been issuing some profitable turn-signals. We may be ready for another!
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
|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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