Stock Market, Gold Topping Update
Stock-Markets / Stock Markets 2016 Mar 01, 2016 - 04:43 PM GMTThe charts below were sent out to my subs last night. The SPX is in a bearish rising wedge formation and it looks like a top on March 2 near 1980 is in the offing. Gold and GDX are breaking down. The GDX charts below are just a possibility, but often times tops like this take longer than that projected in the charts below. March 14th is the new projected low for the stock market. A minimum of around 1840 SPX looks likely by that date. A rally into or around March 24 at this point looks likely for the stock market.
SPX 30-Minute Rising Wedge Chart
GDX Daily Chart
GDX Daily Chart 2
Brad Gudgeon
Editor of The BluStar Market Timer
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