• 24 hours Hawkish Fed Sends Gold Prices Crashing
  • 2 days Bezos Is Heading To Space This Sunday
  • 5 days El Salvador’s Surprise Bitcoin Move
  • 8 days Markets Unfazed As Inflation Hits 13-Year High
  • 9 days How the Token Economy is Disrupting Financial Markets
  • 11 days FBI Investigating 100 Types Of Ransomware Attacks
  • 13 days Fed Ends Corporate Credit Emergency Lending Program
  • 15 days AMC Becomes the Latest Winning Meme Stock After GameStop
  • 16 days The Real Reason Your 401k Has Been Lagging
  • 17 days China Lifts Cap On Births, Allows Three Children Per Couple
  • 19 days The Market Is Ripe For Another GameStop Saga
  • 22 days Senate Grills Big Banks Over Pandemic Opportunism
  • 23 days Cannabis Has A Major Cash Problem
  • 24 days Ransomware Netted Criminals $350M In 2020 Alone
  • 25 days Russia Is Taking On Google
  • 26 days Chinese Regulators Deal Another Big Blow To Bitcoin
  • 27 days Ohio Residents Brave Vaccine for Chance To Win $1M
  • 29 days Inflation Is Coming. Are You Prepared?
  • 30 days Travel Might Get Another Supersonic Disruption
  • 31 days The World Is Running Out Of 6 Key Resources
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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