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.

    Join 2,500 other subscribers

  • 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

«
»

February 1st, 2016: GLD Wave Count Update

Posted by pugsma on February 1, 2016

11:30 am EST:  GLD has reached and inflection point here at 2-year upper falling wedge trend-line and the 107.8 to 108.4 gap closure.   However, from an E-wave perspective GLD must take out the 113.99 level to confirm the red wave count with a PA-CB target of 123.50 and a PC-CB target of 143 for a 50% Fib retrace of CA.  If GLD fails to take out 113.99, then a move below the 100.23 low to the 92.00 pivot is likely per the blue wave count to complete P5-CC.

GLD 4-hr chart:

PUG GLD 4-hr 2-1-16

GLD daily chart:

PUG GLD Daily 2-1-16

GLD weekly chart:

PUG GLD Weekly 2-1-16

 

This entry was posted on February 1, 2016 at 11:27 am and is filed under GLD. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»