April 2nd, 2016: GLD Wave Count Update
Posted by pugsma on April 2, 2016
1:45 pm EST: It looks like GLD may have found the PB-CB bottom at 115.55 just above the 114.46 pivot and 38% Fibonacci retrace of 113.95. If 115.55 holds as the PB low, then the PC=PA target is at 137.69, which is near the 137.50 pivot. A move up the 137.50 pivot for the PC-CB wave would be almost a 20% gain for GLD over the next 6 to 9 months.
GLD 4-hr chart (EOD 4-1-16):
GLD daily chart (EOD 4-1-16):
GLD weekly chart (EOD 4-1-16):
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