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SPX,GDX Update


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#1 blustar



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Posted 11 August 2017 - 11:06 AM

The SPX had some positive divergences develop Thursday on the VST and ST indicators.  The IT is still down.  I counted what looked like a 5 wave (a) wave and now "b" with the dreaded © of z of Z still directly ahead.  Minimum down side by late Tuesday should be near 2268.04 where the © wave of C started.

The 4 TD low pulled back into 3, suggesting an absolute hard down low into late Tuesday and early Wednesday next week where I said the 32/64 combo is due.  Early Wed is also 10 TD for the 8 TD low +2.  The 16 TD low last ran a day early and is due Monday, but adding the extra day puts it into Tuesday along with the all other Gann Cycles.


An alternative target for the SPX based on the 200 DMA and past action in the move up since Feb 2016 is 2306-09.  2268 +/- fits the E-Wave expectations and the Sun/Mars conjunction much better.  We'll see.

The Hurst Cycles have a much wider variance ideally being due around August 11-14 +/-.

GDX could easily rally 2 to 3 more days.

Edited by blustar, 11 August 2017 - 11:07 AM.

#2 q4wer



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Posted 11 August 2017 - 11:27 AM

unless guan  is nuke bombed during the weekend.   N. K. might shoot a test missile to the ocean near guan island, likely.

#3 da_cheif



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Posted 11 August 2017 - 11:58 AM

>.  The IT is still down<    ....    so whats your definition of IT?  





#4 trioderob



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Posted 11 August 2017 - 01:49 PM

my forcast:


NK goes into radio silence - you hear nothing from them as they work in silence on their missles and bombs.


market chops for a week or two then a slow grind up continues till next year where the tax plan business makes or breaks the market


maybe in six months NK fires a very long range missile shot - not near GUAM 


market panics  - sells off - NK back into radio silence - mark grinds back up again

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