February 26 Could Be a Wild Day in Markets!Stock-Markets / Stock Markets 2016 Feb 26, 2016 - 05:37 AM GMT
Not only does February 26 have a slew of economic reports, but it also has some interesting cycle, e-wave, and astro-signatures. Earlier this week, my thinking was we were going to see a ‘b’ wave pull back in the stock market followed by higher prices. Then the irregular top came in Monday and I was beginning to believe that we just completed a bear flag. Well, the first scenario is proving to be the correct one and that is we are in a “b” wave pull back. The chart below explains everything.
GDX and Gold also look like they may drop on Friday as well as we enter the 8 TD low for each. Gold could fall $40-$50 and GDX all the way down to 17.75.
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Disclaimer: The above information is not intended as investment advice. Market timers can and do make mistakes. The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information. This article is intended for educational purposes only. Past performance is never a guarantee of future performance.
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