Dow 60 min.

charts by www.stockchart.com

Technically the Dow is still Bearish
albeit it had an Early crossover 'Buy' signal. Price needs to break above the 50% retrace Fib. (cloud) test and hold then push off the cloud to confirm a "Turn" to bullish. The KST hasn't crossed yet and the Pring's Stocahastic setting looks to be getting close to an 'early' crossover, Conclusion....more downside to come in this wave structure. PS Daily KST is still Bearish.  Good Luck!

Gold and a Gartley

Gold has formed an  almost perfect Gartley Pattern. The 'D' needs an 1.414 or an 1.618 Fib retracement for completion. Gartleys my surprise most folks as having a 68% completion rate
but it would be foolish not to take it seriously. Note the KST is still bearish,but the 8,3,3, stochastics have turned bullish.

NYSE 60 minute chart

The Daily time frame is still Bullish with the 60 minute time frame as bearish. One small gap has been filled and the larger one still to come. The price will have to reach a .66 retracement to fill the gap and this is also the area of support on the Daily chart.

Wasn't that easy?

USD breaks out of the Ichimoku Cloud

The USD broke through the cloud on the weekly charts.The Low occurred on 5-05-14@ $79.13 or .7913.
The High on the Monthly Chart occurred on June of 2001 @ $121.21 or $1.2121. That's 13 years.
   The next overhead resistance is at the .85 and then .88 . The DMI is getting in the High range at 62.85 that will be a good indicator for the retracement signal. The Weekly is at 34.77 so it can go a long way.

I personally think Dragi and Yellen
may be are going to try to "throttle"
These two currencies into a "Flat"
or sideways wave form to 'Buy" time
for the Bankers and Financial Institutions.

Be sure to keep a watch on the 10 year bond and or Yield. It is currently Under the cloud on the Daily but is in the Time frame of complementing the retrace.(TNX)

Thanks to Stockcharts.com for the
charts.

NYSE Intraday

The wave structure should be putting in a wave iv in the subwave. What I would label as the a/b wave seems out of place,but there's a gap at the 50% level. Often that is a target area on pullbacks.The wave ii had an 38.2% pullback but so far the wave iv hasn't been very much. It could mark a flat but often wave iii's tops are 2-3 peaks then the Drop. The Price action will have to Drop Below August's low to start Mapping the wave (III) intermediate wave of the outlier cycle,but I believe that's getting ahead of ourselves.

GDXJ

The GDXJ Price looks to be testing the bottom of the Ichimoku cloud at 50% retrace. A follow through to the Downside will test the 61.8% & 150 sma. The Bpgdm is the sentiment indicator. The USD has been in an area of an expected pullback albeit very Bullish.The Price action on GDXJ could Fall to the Fuchia colored dotted line and still adhere to the 1/2...(i)/(ii) wave structure.

Happy Labor Day!

Hope Everyone is having a good Labor Day. I'm currently working on the new site but keeping an eye on the Market. The Industrials and NYSE and others are having what appears to be a sub-wave iv correction and when finished will put in a new High and then a more significant retrace should ensue. This should be the wave (III) high with the wave (IV) to follow. Finally.
  August 29th was 180 degrees from the wave 1 outlier wave and it also matches a Monthly sequence.I like to look at the week being the Wednesday of each week and the next week will be the 117th week since the start of the 'Outlier" wave, which simply means the start of a new wave cycle. If the wave structure is violated on the 60 minute chart I will Post right away. When the Larger wave Down starts there should still be a downward impulse wave to form,so there should be plenty of time to buy the Inverse ETF's. The wave 2's on the Inverse ETF's usually retrace Deeper than the 1x Stocks,and that is the correct time to buy.
   The Gold stocks and Gold are looking positive with wave development on the Intra-day Charts and unless some central bankers pull some shenanigans should keep building momentum.The sentiment indicator went up on Thrusday and should keep building.
   A Gold stock I'm interested in is just starting into production and that's where you want to buy them.
Asanko Gold : ticker AKG.  more later.