woensdag 12 juli 2017

Wednesday Market Observations

# We are still vulnerable to a normal bull market correction of 10% going into 7/23, the 34-day Fibonacci step out from the 6/19 highs in the NDX and SPX. After the June-July correction (a sideways 4th wave?) runs its course, we're expecting a SPX high for the year around August 20 (+/-3 trading days) with a minimum target of SPX 2480...

# Gold gave us a bullish reversal. The GDX finished a bullish EW a-b-c-d-e triangle on the daily chart into the Full Moon Timing Window, we are looking for a reversal higher....