September 1st, 2016: GLD Chart Update
Posted by pugsma on September 1, 2016
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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 September 1, 2016
12:45 pm EST: For the primary (red) count GLD still looks to be targeting the PC=PA= 137.14 are for completion of the Cycle B (CB) wave. Alternatively (blue), GLD may have peaked the CB wave at 131.15, but it will take a break below 115.20 to confirm.
GLD 4-hr chart:
GLD weekly chart:
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