Sept 25 Wednesday 6:20 AM PT
US stocks are starting today a rally to new highs after completing the 4 day decline yesterday and today. After this rally is over in the next few days, we will start a big decline in US stocks.
Let us look at some charts.
DJI
SPY
IWM ETF corresponding to Russell 2000 has been strong in the last few days even though DJI
and SPY were going down. This strength will result in higher highs in the next few days in IWM & TNA
IWM
TNA will make new highs soon
Gold stocks are ready to go up as Gold stayed above $1300 yesterday and is ready to go up above $1400 unless it cannot cross $1350.
GLD
GDX ETF for Gold Miners. GDX completed 5 steps down yesterday and started going up.
NUGT 3X Gold miners index started the first step of the 5th leg up yesterday to may be new highs in the current rally.
NUGT 5 days Let us look at the 5 day chart. Insiders bought heavily near the lows
US stocks are starting today a rally to new highs after completing the 4 day decline yesterday and today. After this rally is over in the next few days, we will start a big decline in US stocks.
Let us look at some charts.
DJI
and SPY were going down. This strength will result in higher highs in the next few days in IWM & TNA
IWM
GLD
GDX ETF for Gold Miners. GDX completed 5 steps down yesterday and started going up.
NUGT 5 days Let us look at the 5 day chart. Insiders bought heavily near the lows
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