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SPX, GDX, QQQ Update

SPX GDX QQQ

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#1 blustar

blustar

    blustar

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Posted 27 September 2017 - 10:17 AM

We had a gap up on a Y wave and then came the Z wave back down as expected.  We have completed and extremely bullish XYZ pattern.  Possible top is Sept 29 and as high as SPX 2522/23.  Our SPY option players have gone long the SPY calls strike 250.00 for the 29th at .27/.28.

 

The QQQ looks extremely bullish to me.  Looks like end of the quarter window dressing could explode this up along with the gold stocks too.



#2 blustar

blustar

    blustar

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Posted 27 September 2017 - 10:31 AM

The H&S bottoming pattern says look for SPX 2527/28.  So now I'm saying 2522/23 minimum/ midling 2527/28.  The QQQ has some room to go to exceed the previous tops.







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