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.

May 23rd, 2014: GLD Wave Count Update

Posted by pugsma on May 23, 2014

5:30 pm EST:  Primary count is still looking for GLD to trade down in the 117-118 area my mid-July to complete major [B]-PA-CB.   A break below 122.84 will confirm the primary count.  A move above 128.25 will confirm the alternate (blue) count that major [B]-PA-CB already bottomed at 122.84 and that major [C]-PA up is underway headed for the 148-150 area.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 5-23-14

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 5-23-14

Sorry, the comment form is closed at this time.

%d bloggers like this: