July 27th, 2014: GLD Wave Count Update
Posted by pugsma on July 27, 2014
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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
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Posted by pugsma on July 27, 2014
1:00 pm EST: GLD looks like it’s in a flat for minor 2 of major [1]-P5-CA. The 62% fib retrace target for minor 2 is at 127.37.
GLD 60-min chart (EOD, 7-25-14):
GLD 4-hr chart (EOD, 7-25-14):
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