Gold fell $200 as five waves to 50% retracement level, halfway between $1680 and $1720 target , then rebounded as three waves to $1820 target, to form the right shoulder . Next may be a fall to measured move and Head and Shoulder target @ $1610 or $1530 :eek: . This may take months same as Silver. Chance to get to $2000 is smaller due to 5-waves DOWN 3-waves UP .
Silver fell 10% in 3000 minutes as 5-waves from "W" pattern target to "W" pattern neckline and 38.2% retracement , then rebounded 5% as 3-waves. May be Wave IVc]1) and 2). Next should be Wave IVc]3)1 DOWN to 23.6% retracement and measured move @ $36 .
Crude Oil didn't go DOWN as expected . Turns out still in Wave Cc]4). Wave V]IV)Cc]5) may begin soon and can go DOWN to measured move or 61.8% retracement of Wave V]IV)B at $61 and $64
need a wave 5 to complete minor wave 1 down then we can get a nice minor wave 2 .... to get short for the big drop
All triangles turns into a horizontal triangle . now showing wave v of :c, should fall soon, @ SPX 1208 . If not, next may morph into a Bullish "W" pattern :eek: , target may be SPX 1280 .
Crude Oil rises to form a horizontal triangle or "W" pattern, but hesitate and forming "M" pattern. May fall like Gold :confuse: .
When Equit Put/Call ratio shows Higer High, but SPX shows no Lower Low, SPX rebounds. When Equit Put/Call ratio shows no Lower Top, SPX shows Lower Low. Insiders sold at the Top, moms and pops bought at the Top. Moms and pops sold at the Bottom, Insiders used their cash to buy at the Bottom. Short sellers tested the next Bottom, Insiders borrowed with 0% interest to buy at the Double Bottom. SPX rebounded. Short sellers covered their shorts. Moms and pops money had no money or were locked in Gold, SPX made another Bottom. Stocks were cheap, no one had money to buy cheap stocks. New Bull Market begins.