Sept 24 Wednesday Premarket
DJI, SPX, SPY QQQ all have completed the first leg down as of end of the day yesterday. The first leg had 5 steps as shown in the picture below for SPY. This will now be followed by Leg two up and then the more ferocious Leg 3 down.So please get ready for the bigger decline. Russell 2000 will have only a minor rally and more decline afterwards.
Gold is having a short term rally to relieve the oversold condition.Silver made a 4 year low yesterday and Gold will also make a a 4 year low soon.
DJI Ready for a rally
SPY 10 Day spy chart showing the completion of the First Leg Down
SPY 3 Month Chart ready for a small rally
IWM a weak rally is coming
TNA
DJI, SPX, SPY QQQ all have completed the first leg down as of end of the day yesterday. The first leg had 5 steps as shown in the picture below for SPY. This will now be followed by Leg two up and then the more ferocious Leg 3 down.So please get ready for the bigger decline. Russell 2000 will have only a minor rally and more decline afterwards.
Gold is having a short term rally to relieve the oversold condition.Silver made a 4 year low yesterday and Gold will also make a a 4 year low soon.
DJI Ready for a rally
IWM a weak rally is coming
TZA
GLD Gold will definitely go below $1185 which was last year's low.
GDX Will also go lower to new 4 year lows
NUGT Going much lower than the 4 year low established last year
DUST Going Much higher soon
TLT Interest Rate ETF Can go to recent highs established in late August
Three Year Weekly Chart of TLT The interest rates were at the lowest point in August 2012 and bonds were at the TOP. Since that time they went up till Jan 2014 and started going down till end of August and then rose. Recently they started going down again. They may go up to Late August lows before starting a big increase. At that time we will buy 3X Bear TMV for big gains.
TMF Going Up short term
TMV 3 X Bond Bear going down short term
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