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.

August 16th, 2013: GLD and AAPL Wave Count Update

Posted by pugsma on August 16, 2013

11:30 pm EST:

GLD: GLD continues to move higher in wave minute (3) of minor 3 of major [1]-P5. The minute (3) target is 143.52 where (3)=2.62*(1).

GLD 60-min chart (EOD):

PUG GLD 60-min chart MD 8-16-13

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart MD 8-16-13

AAPL:  AAPL looks to have complete minute (3) of minor 3 just above my 499 target at 504 and now is in a minute (4) ascending triangle.   The next move should be a minute (5) of minor 3 to a target of 520, where minor 3 = 1.62*minor 1.

AAPL 60-min chart (EOD):

PUG AAPL 60-min chart MD 8-16-13

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr chart MD 8-16-13

Sorry, the comment form is closed at this time.

 
%d bloggers like this: