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Friday, September 06, 2019 4:15:26 PM
The Ord Oracle
By: Tim Ord | September 4, 2019
SPX Monitoring purposes: Sold SPX on 8/27/19 at 2869.16= gain .77%; long 8/23/19 at 2847.60.
Monitor purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes: Sold SPX 7/5/19 & 2990.41= gain 2.63%.
We are watching this chart closely, as it is at an area where a signal could be triggered. The 18-day moving averages of the UP Down Volume (second window up from bottom) and 18-DMAs of the Advance/Decline (bottom window) are above “0”, but not by much. A close near the minus 10 level on both indicators would suggest GDX is starting a larger consolidation phase. Both indicators remain above “0” and bullish for now. GDX’s next upside resistance is the 2016 high near the 31.00 level. The longer-term trend remains up and the intermediate-term trend remains up for now. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
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By: Tim Ord | September 4, 2019
SPX Monitoring purposes: Sold SPX on 8/27/19 at 2869.16= gain .77%; long 8/23/19 at 2847.60.
Monitor purposes GOLD: Long GDX on 1/29/19 at 21.96.
Long Term Trend SPX monitor purposes: Sold SPX 7/5/19 & 2990.41= gain 2.63%.
We are watching this chart closely, as it is at an area where a signal could be triggered. The 18-day moving averages of the UP Down Volume (second window up from bottom) and 18-DMAs of the Advance/Decline (bottom window) are above “0”, but not by much. A close near the minus 10 level on both indicators would suggest GDX is starting a larger consolidation phase. Both indicators remain above “0” and bullish for now. GDX’s next upside resistance is the 2016 high near the 31.00 level. The longer-term trend remains up and the intermediate-term trend remains up for now. Long GDX on 1/29/19 at 21.97.
Tim Ord,
Editor
Read Full Story »»»
• DiscoverGold Click on "In reply to", for Authors past commentaries
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!
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