• 6 hours $5 Million Gold Toilet Vanishes
  • 6 hours Gold On The Rise After Fed Rate Cut
  • 9 hours Oil Trader Loses $320 Million On Derivative Bets
  • 1 day S&P 500 Officially In An Earnings Recession
  • 1 day Miners Are Weathering The Trade War Storm
  • 2 days UK Credit Card Interest Rates Are Skyrocketing
  • 2 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 2 days Are Smart TVs Spying On Us?
  • 3 days Is Fossil Fuel Divestment A Waste Of Time?
  • 3 days A Russian Billionaire’s Space Quest To Save Humanity
  • 3 days Markets Take Breather As Consolidation Continues
  • 3 days Economic Woes Weigh On Copper Prices
  • 4 days World's Largest IPO At Risk Following Drone Strikes
  • 4 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 4 days What’s Behind The Silver Sell-Off?
  • 4 days The Retail Apocalypse Is Accelerating
  • 5 days The Top Tech Stocks Of The Year
  • 5 days America’s Workforce Elderly Workforce To Double By 2028
  • 5 days Toyota Tests Solar-Powered Prius
  • 6 days Why The Gold Rally Flatlined
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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