gld imo did five waves up into mar 4 since then it is correcting and i believe will bottom next week and start a
wave 3 up 115.25 is a .38 retrace
i believe the sp tops the same time gld bottoms fwiw
the banks sb devastated when the final top comes in. you can see the european banks are already going
into the tank and the sp hasnt topped yet
i expect over time once this top is in for the bkx to head back down to 09 lows around 20 perhaps
lower we are going to have a banking crisis before this is over. we are about to enter the C wave of an
abc bear market
all just my take
