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June 9th Was Interesting, Now What?

SPX GDX

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#1 blustar

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Posted 12 June 2017 - 09:58 AM

Sideways Bull Flag on SPX and GDX
 

The 2 charts below show a sideways bull flag on both SPX and GDX.  Higher highs for both after this week (into late June) probable.
 

6_12_17_spx_30_min.png

6_12_17_gdx_30_min.png

Blessings,

 

blu

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#2 gm_general

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Posted 12 June 2017 - 10:18 AM

Gartman: "The Nasdaq One Day Will Collapse... But Buying Today On Weakness Should Be Wise

http://www.zerohedge...-should-be-wise

 

My feeling is VIX will likely head for high 14s, if it breaks that it will head for 17 and change (two different trend lines). If it breaks the second line to the upside, that would be bearish.



#3 arbman

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Posted 12 June 2017 - 06:58 PM

I hope the chart will show... Anyway, if these patterns mean anything to you, there is a nice butterfly harmonic pattern formed on ESM17:

 

 

Not exact but pretty close.

 

1-Bullish-and-Bearish-butterfly-patterns


Edited by arbman, 12 June 2017 - 07:01 PM.






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