• 15 hours Are Gold Stocks Going To Bounce Back?
  • 21 hours The Politics Of A Pandemic
  • 2 days Gold Is Still A Safe Haven, But Not Very Alluring
  • 2 days What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 3 days COVID Report Cards Will Brand Businesses Forever
  • 3 days Trump Tweet Sends Oil Soaring 25%
  • 4 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 4 days Is A Global Currency Necessary?
  • 5 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 5 days Trump Wants Another $2 Trillion Economic Intervention
  • 6 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 6 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 6 days Oil Falls To $20 For First Time In Nearly Two Decades
  • 6 days COVID-19 Could Be The End Of U.S. Coal
  • 7 days How Much Does Your Social Security Number Cost? $4 On The Dark Web
  • 8 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 9 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 9 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 10 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 10 days U.S. Auto Sales Fall By 75%
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Update: SPX, GDX

A sideways bear flag seems to be working itself into a top as late as late Friday/early Monday on the SPX (late Friday for GDX). Choppy action indicated ahead with a strong rally possible on OPEX Sep 16 (Mars trine Uranus Sep 17) after a new low early Friday (based on the 4 TD cycle). This is my current weather forecast for the stock market as well as the gold miners.

Overall, this is pointing to more down side into Thursday next week (Sep 22) where the next 8 TD low is located. This is extremely late for a ten week low and may be signaling a market that is rolling over, I'm not sure. While the e-wave normal count suggests otherwise and the 115 TD top due Oct 3rd gives me pause to think otherwise, I cannot ignore the recent action. This only serves to keep me on my toes, not wishing to get married too long to any side at this juncture.

A late year drop is coming, no doubt in my mind. The big question is: do we make new highs in early October first? Stay tuned.

 


We are adding auto-trading with Global Auto Trading this week. We also added two new trade alerts: Volatility with UVXY and SVXY, and Options Trading that trades SPY, GDX and UVXY/SVXY puts and calls. We are also adding webinar training for those new to trading.

Also coming soon are FREE webinars explaining the benefits of joining our group followed by a week's worth of tire kickin' to try out the service. Check out our September 2016 trades so far (picked up a nice one with NUGT this week for +5.5%). Get ready, big moves a comin' soon! Sign up for our free e-mail updates at blustarmarkettimer.info

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

 

Back to homepage

Leave a comment

Leave a comment