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Brad Gudgeon

Brad Gudgeon

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves…

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February 26 Could Be a Wild Day in Markets!

Not only does February 26 have a slew of economic reports, but it also has some interesting cycle, e-wave, and astro-signatures. Earlier this week, my thinking was we were going to see a 'b' wave pull back in the stock market followed by higher prices. Then the irregular top came in Monday and I was beginning to believe that we just completed a bear flag. Well, the first scenario is proving to be the correct one and that is we are in a "b" wave pull back. The chart below explains everything.

SPY Daily Chart
Larger Image

GDX and Gold also look like they may drop on Friday as well as we enter the 8 TD low for each. Gold could fall $40-$50 and GDX all the way down to 17.75.

 


Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info
BluStar Market Timer offers auto-trading for those who don't have the time or inclination to trade their own accounts.

 

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