Not feelin’ the love with JDST… EWO (as it stands right now this second) is not going to exceed the previous high if/when price exceeds 11.29 as expected (note: could double top or truncate)…. The next high will complete the (iii) with an abc pullback to the previous minor wave iv which would be around 9.63 or so…. and beware, there is always an alternate count…. completing three waves up could just be a corrective to the last downtrend so we can’t really “ass-u-me” that JDST will continue up after this next pullback!!!!

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To make things worse for the Bears, my Fav Trend Chart is now showing divergence… From past examples you can see that an uptrend “could” be just days away!!!! or NOT!!!!

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…. and for non believers in my trend chart a look at the GDX Daily trend indicators show that OBV is reaching an extreme low and slightly (very slightly) turning up, Wm%R is very slightly beginning to turn up (but needs divergence), and ADX is still solidly Bearish but will lag all other indicators….

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New Moon today which may means market will fall in three days….. hmmm…. Three Push Up in SPY today which means we’ll in all probability have one more push up that won’t make a new high…. hmmm….

But do we really want to trust these guys!!!!!

0715_BearParty

Just Sayin’ lets be nimble… Watch the EWO… if we don’t exceed previous high with higher price that means at least a three wave pullback which could grow into something else!!!! Note that the coming wave (iv) in JDST could take days if not weeks to finish up and could be painful before we continue back up… too many if’s…..