Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Thursday, September 07, 2017 8:36:35 AM
By: Tim Ord | September 6, 2017
• SPX Monitoring purposes; Short SPX on 8/30/17 at 2457.59.
• Monitoring purposes Gold: Neutral
• Long Term Trend monitor purposes: Neutral.
The July low appears to have been a “Head” of a “Head and Shoulders bottom”. The “Neckline” of this pattern was broke with a “Sign of Strength” can confirms the pattern. In bullish moves for gold and gold stocks the Gold stocks outperform gold which is indicated by the GDX/GLD ratio rising. GDX broke above the April high and the GDX/GLD ratio has not, showing that GDX/GLD ratio is weaker than GDX and a bearish divergence. Also notice that GDX it above Last Tuesday high and GDX/GLD ratio is not; showing a short term divergence. What this could mean is for a short term pull back to support near the Neckline at the 23.50 range before moving higher again. If the pull back does materialize and the GDX/GLD ratio shows strength compared to GDX, a bullish setup could form. The longer term patterns are bullish but the shorter term patterns are not ideal. Still neutral for now.”
http://www.talkmarkets.com/content/us-markets/vix-leads-the-way-for-spy-in-the-opposite-direction?post=148388
• DiscoverGold
Click on "In reply to", for Authors past commentaries
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent GDX News
- YieldMax GDXY Name Change • GlobeNewswire Inc. • 01/25/2024 04:22:00 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM