PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

April 2nd, 2013: GLD Wave Count Update

Posted by pugsma on April 2, 2013

2:15 pm EST:  GLD price is at a tipping point between the primary (bullish) count that P4 has ended at 150.84 and the alternate (bearish) count that P4 is headed much lower to the 141 to 136 area.  I have updated both counts on the 60-min, 4-hr, daily and weekly charts below.

It looks like the 151.40/150.84 levels will be the key to watch for the primary count to remain valid.  There will be a full confirmation of the alternate (bearish) count on a break below 148.27.

GLD 60-min chart (mid-day):

PUG GLD 60-min mid-day 4-2-13

GLD 4-hr chart (mid-day):

PUG GLD 4-hr mid-day 4-2-13

GLD daily chart (mid-day):

PUG GLD Daily mid-day 4-2-13

GLD weekly chart (mid-day):

PUG GLD Weekly mid-day 4-2-13

Sorry, the comment form is closed at this time.

%d bloggers like this: