Stock Market And Gold Topping Updates
The charts below were sent out to my subscribers last night. The SPX is in a bearish rising wedge formation -- and it looks like a top may be made on March 2cd….and near 1980 is in the offing. Gold and GDX are breaking down. The GDX charts below are just a possibility, but often times tops like this take longer than that projected in the charts below. March 14th is the new projected low for the stock market. A minimum of around 1840 SPX looks likely by that date. A rally into or around March 24 at this point looks likely for the stock market.
Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info
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