Nose job…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Old highs represent resistance, and that is where the SPX got its nose bobbed in an attempt at a new high.  We are probably in for a downwave now.…

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SPX looks set to nose over recent highs…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Literally  a nose to supersede three important wave highs:  2080, 2104, 2116, labeled on the chart as a,b,c.  Distance is less than a nose: .015, .026, .o32.  When the…

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The technical situation…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 There is a wealth of information here, none of which foretells the future.  On the ambiguous side the upwave now in process is strong, 35 days, 12%, with 14…

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Breaking Away…

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p60546422961&a=255869372 Gold has convincingly broken out of its triangle.  We remain skeptics, but you can't fight the chart staring you in the face and the markets haven't got the zika…

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Confirming explosions…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 8 days ago (11) in what we jokingly referred to as "three gazelles leaping" the market gave us three power bars. The strength and power (and rarity) of this…

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