Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
ShepWave's BLOG


Posted: 5/26/2018 00:42 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.

See potential NEW TRIGGERS for the major U.S. equity indexes on the daily time frame for this next week. This will be pertinent to short--to--mid term traders and investors.

The range of the past several weeks for the major U.S. equity indexes will end!  Be ready!

It is recommended for new 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.

Proper Technical Analysis is a Science, an Art, and a Discipline:

It is a SCIENCE in that we identify and analyze key technical occurrences and correlations. These lead to patterns which can be used to identify probable future directional movements.

It is an ART because there are times when the strict definitions and observations have variable outcomes. The efficient market analyst has the history and experience to put together all of the contextual observations--which go beyond the bounds of the immediate contextual evidence--to find the most probable future pattern. Note most analysts do not actually provide future probability in the same way as ShepWave.

It is a DISCIPLINE in that we have guidelines to use to minimize any possibility of the market(s) going against our prescribed direction. This is also one of the aspects that most analysts do not designate clearly. This can make the difference between a consistently profitable trader/investor or one who loses consistently.


 Log In at for Monday's ShepWave Updates.

IMPORTANT: New Trend / Trigger lines for equities identified. SEE TARGETS!  Also note the recent pattern in the Crude Oil and in the VIX may be a warning of a coming change.


The Special ShepWave Update for Monday has been published. This update shows the weekly time frame analysis for the major U.S. equity indexes as well as for Crude Oil and for Gold.

A lot of people have been trying to call the top in the major U.S. equity indexes for years now--only to fail attempt after attempt. Please read the notes in this update carefully. Remember, any bullish or bearish implications we are seeing on the weekly time frame for equities need to be kept in context when considering shorter term trades.

Look at the analysis  for CRUDE OIL--new recent highs as anticipated by our BUY SIGNALS on the weekly time frame several weeks ago. This may be ready to turn. NEW CRITICAL TREND CHANNEL GIVE HERE.

CRUDE OIL TRADERS--as of this week ending 5/25/2018 WTI Crude Oil saw an OUTSIDE DOWN WEEK pattern.  This could have major implications for future trading for Crude Oil.

Important Pattern in GOLD. The wedge pattern we have been tracking for Gold goes back to 2016 and is now coming to an important defining point. BE READY!

We hope everyone is enjoying their weekend.

Log In at for Monday's ShepWave Updates.

 IMPORTANT: the implications we will see in the weekly chart of the Russell 2000 index could cover a wide range of possibilities; remember the index is now seeing clear recent bearish divergence even on the weekly time frame. BE READY!

For the past several weeks ShepWave has been showing an emphasis on the technical pattern in the MACD in basically all of the major U.S. equity indexes--in the weekly time frames. Notice the recent range of the major U.S. equity indexes has not changed much. Expect some whip-saw action coming--and new trigger signals!

$169 SIX MONTH ShepWave Subscription Special.

15th Anniversary

ShepWave $169 SIX MONTH Subscription special for our valued customers will end soon. Thanks to all of our regular customers of 15 years. This special offer is being extended to any new subscribers as well, for a short time only. [To current up-to-date subscribers, the six months will automatically be added to your expiration date.]

15 Year Anniversary

Reference: 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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