• 14 hours Immigration Will Go Bust Without $1.2B Bailout
  • 21 hours The Economics Of The Space Race
  • 2 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 3 days How Much More Cash Can Uber Burn?
  • 3 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 3 days EU-U.S. Trade Relations Are Deteriorating
  • 4 days Over 184 Companies Have Bailed On Facebook
  • 4 days BP Sells Petrochemical Business For $5 Billion
  • 4 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 5 days E-Commerce Explodes As Boomers Go Digital
  • 5 days Major U.S. Cities Are Turning To Renewables
  • 6 days Economic Reopening Backfires, COVID Surge Snaps Recovery
  • 6 days How Are Low Car Sales Impacting The Metals Market?
  • 7 days Are Gold Stocks Still Undervalued?
  • 7 days Singapore's $3 Billion Oil Trading Scandal
  • 8 days Luxury Clothing Isn’t A Priority As Americans Grapple With COVID-19
  • 8 days Natural Gas Demand Hits 25-Year Low
  • 9 days Gold Inches Towards $1,800 As Investors Pile Into ETFs
  • 9 days The War On Gold Has Begun
  • 10 days Immigration Attack Will Ruin America’s Tech Dominance
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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

Quick Update: GDX, SPX

Due to the FED meeting, I won't have enough time to post my thoughts and the charts too. Later on this week, I will explain more in detailed charts what I'm currently thinking.

The astro/cycle/waves suggested a top on Monday in the SPX and a low on Thursday this week. I'm expecting a negative reaction to the FED and a test of the 2116/17 area by Thursday. A bounce into Friday should be another shorting opportunity into Sept 27th. I'm thinking probably SPX 2093/94 should hold any down side next week and a strong rally into Oct 3rd into the mid 2210's should be it for the SPX.

GDX looks to be making a countertrend rally today into the low 27.00's. It, too, has a destiny date with Sept 27th and possibly as low as the 23.85 area.

 


We added auto-trading with Global Auto Trading last 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.

Also coming soon is a pre-recorded webinar explaining the benefits of joining our service followed by a week's worth of tire kickin' to try out the service free. Check out our September 2016 trades so far about +20% so far this month. Get ready, big moves a comin' soon! Sign up for our free periodic e-mail updates at blustarmarkettimer.info

Another thing I wish to mention: please don't trade this or any other forecast verbatim without getting proper updates from the author. Tracking the stock market is much like tracking the weather: you need to have regular updates. Things can and do change.

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