I love the smell of a Wolf Wave in the morning!!!! However, turn in CCI makes me think that this is going to be an abc down to WW target… I was thinking that the high of 7.88 was just an extension… now I’m thinking that with the divergence on EWO that it was the wave 5 high….. sooooooo 5 wave up…. three wave corrective down to WW target….. 5 waves up on tap…. at least that’s my current thinking….

0529_JDSTUpdate

Note that GDX Weekly is still pointing down!!! The trend is DOWN!!!! It will take several weeks before we get a buy signal on this puppy!!!!

0529_WeeklyGDX