Premarket Update Aug 4 6 :05 AM Pacific Time
As predicted in our previous posts, DJI, DJT , SPX, SPY have been going down wiping out most of the gains for this year. Russell 2000 has had the most decline going below Jan 1 , 2014. Third step down was completed last Friday morning and we have been having a 4th step rally since then. This 4th step up will be followed by 5th step down going below Friday's lows. After that we will have some stronger rally.
Gold and Silver want to go up but are having trouble staying up as we may have already started the 5th leg down or we are close to starting soon after one more minor rally.
DJI can go up after it reaches the 200 day moving average.
SPY
IWM Can go to May Lows before a rally can start
TNA
TZA
GLD
GDX
NUGT
DUST
As predicted in our previous posts, DJI, DJT , SPX, SPY have been going down wiping out most of the gains for this year. Russell 2000 has had the most decline going below Jan 1 , 2014. Third step down was completed last Friday morning and we have been having a 4th step rally since then. This 4th step up will be followed by 5th step down going below Friday's lows. After that we will have some stronger rally.
Gold and Silver want to go up but are having trouble staying up as we may have already started the 5th leg down or we are close to starting soon after one more minor rally.
DJI can go up after it reaches the 200 day moving average.
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