Update For Wednesday March 25, 2015

As predicted a few sessions ago the market  has started the  big decline in 3rd leg down. It will also be in five steps. So the first step down  will be completed  and then a minor rally in step 2 up and finally a bigger decline in step 3 down. we are in the 3rd  sub step of the  first step down. that is why it is pretty steep. after that small sub step up and then 5th sub step down. than we have a small rally in step 2 up.

One thing is for sure . we have started a big decline and it will go below the Oct lows.

SPY

 DJI

IWM

 TNA

 ERX   Energy 3X Etf

 GLD    Consolidating

 GDX  consolidating  going higher

 NUGT

 SLV   consolidating and then going higher

USLV  Going higher

 DGAZ   going higher

UNG  Natural Gas ETF  going  lower to new lows