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May 18th, 2014: GLD Wave Count Update

Posted by pugsma on May 18, 2014

4:20 pm EST:   GLD continues to track the primary count lower with target in the 117-118 area for major [B]-PA-CB.  It will take  a break above 128.25 to invalid the primary count and confirm the major [B]-PA-CB low is in place at 122.84 per the alternate (blue) count.

GLD 60-min chart (EOD, 5-16-14):

PUG GLD 60-min chart EOD 5-16-14

GLD 4-hr chart (EOD, 5-16-14):

PUG GLD 4-hr chart EOD 5-16-14

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