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Stock Market Has Topped; GDX Continues Down

Stock-Markets / Stock Markets 2016 Jul 24, 2016 - 12:25 PM GMT

By: Brad_Gudgeon

Stock-Markets

The signs of a stock market top came on July 22 when the SPX made a truncated pseudo 5th wave failure at 2175. There were many astro/cyclical signs pointing to a July 19/20th top. My thinking regarding a continuation higher for the stock market is now not warranted.

GDX is about to break an important uptrend line and the technical/cyclical read is down hard next week to near $25 .20. Gold and silver could make a final bottom in early August.


July 26th could have both GDX (25.00 ?) and the SPX falling hard (2100?). July 26th is located exactly seven calendar days past the full moon, last time falling exactly on the stock market low of June 27. On July 29th, Uranus goes Stationary/Retrograde, suggesting a major turning point for the markets 2 weeks. We may have already seen that for the stock market and close to seeing that for GDX and the precious metals.


The stock market could be in a real choppy zone for weeks as we approach October and the election. The swings could be exaggerated from the norm, with wild swings in both directions.

Brad Gudgeon
Editor of The BluStar Market Timer

www.blustarmarkettimer.info

The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look at www.blustarcharts.weebly.com.

Copyright 2016, BluStar Market Timer.  All rights reserved.

Disclaimer:  The above information is not intended as investment advice.  Market timers can and do make mistakes.  The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information.  This article is intended for educational purposes only. Past performance is never a guarantee of future performance.

Brad Gudgeon Archive

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