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FED Induced Rally into October 14th?

The chart below shows GDX and the 16 trading day cycles. If the SPX tops also on October 14th near 2200, then the expected bottom in November should be November 18th.

GDX Daily Chart
Larger Image

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. With the changes, come strategy changes.

 


We now offer free auto trading. BluStar subscribers now have access to free auto trading via Auto Shares.

We are now offering a 2 for 1 sale. Purchase any SPX subscription and receive the same GDX/Gold subscription FREE. Offer ends October 14, 2016.

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

 

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