ShepWave TWO UPDATES for Monday Published. Analysis for Dow Indu, Dow Tran, SPX, NDX, RUT, and WTI Crude, Gold.
Posted: 10/20/2018 01:45 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.
As suspected--we saw a critical move several weeks ago after some of the key indexes hit new all time highs.
YOU JUST CAN'T MAKE THIS STUFF UP!
Now is not the time to be lazy. Follow the signals as they come.
Are the markets ready for a bounce?
WTI-CRUDE OIL has been issuing some profitable turn-signals. We may be ready for another! See the trend channel in WTI.
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
ShepWave Special Update for Monday. Weekly Time Frame Analysis for Dow Indu, Dow Tran, SPX, NDX, RUT, and WTI Crude, Gold.
ShepWave has been waiting since last January for the Dow Industrials index to hit a new all time high--and guess what? The bearish divergence we were anticipating on the weekly and daily time frames came true!
Can't Make This Stuff Up!
Since the new all time highs of the Dow Industrials index we have seen quick and successive sell signals beginning in the shorter time frames and now beginning to carry over into the weekly time frame--the Dow Transportation index has broken a support level we haven't seen in about 2 years. Also the Russell 2000 index, which two weeks ago we noted had a CROSS-OVER SELL SIGNAL on the MACD, lost over 5% in just one week!
Will this sudden turn to a bearish market carry through? Keep on top of the next critical signals ShepWave has issued for this next week!
The markets have heated up fast. Watch the targets and triggers coming up for next week!
Log In at http://www.shepwave.com/ for Monday's Special ShepWave Update.
NOTE: during the week ending 10/19/2018 we are continuing to see vital signals that will effect all traders and investors. These signals may not have the effect that a lot of na´ve traders and investors will be anticipating. Pay close attention to weekly time frame analysis and signals and recognize the signals on the weekly time frame are NOT the same as on the daily time frame or shorter time frames.
|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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