Thursday, November 2, 2017

Topping Action Still Dead Ahead

My best guess based on cycles, waves, seasonals and astro is we make a new high on Monday next week; If I'm wrong, Friday drops hard.  I give the best odds over to the bulls right now, even though the momentum and money flow is horrible.  My best guess is SPX 2592/93 by Monday.  Next week could see a hard drop into either Wednesday or Thursday and down into the 2520's.

I said yesterday that we might be making a 4 TD low a day early on Thursday and we tagged 2565, 23 points off yesterday's high.

GDX is running counter trend and should continue higher into next week. Looking for the 23.60's

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