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Stock Market January Rally May Be Taken Out in January

Stock-Markets / Stock Markets 2018 Jan 12, 2018 - 02:47 PM GMT

By: Brad_Gudgeon

Stock-Markets

The recurring 20 week low is due within this general time frame. Last seen on August 21, 2017, it generally runs about 100 trading days. For it to sync with the 16 TD low due around Jan 24 it needs to be topping this week. Ideally, the low should hit about January 25th and top out on Friday, January 12.  I’m thinking we could easily be due for about a 100 SPX point pullback taking out the entire January rally from 2673.


Below is a chart with some of my notations as to why I believe a short term top is close.



The chart below explains why I believe GDX still has about 8-9% left on the upside over the coming few weeks. It also looks like it is in a sideways bull flag that may not resolve itself until later on in the spring.


BluStar Market Timer is now offering a 2 week trial for just $49.

Brad Gudgeon

Editor of The BluStar Market Timer

www.blustarmarkettimer.info

The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look atwww.blustarmarkettimer.com

Copyright 2018, BluStar Market Timer.  All rights reserved.
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.

Brad Gudgeon Archive

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