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Thursday, April 1, 2010

Something BIG is happening....HUGE!

-SPY Elliot Wave count: is this bull run coming to an end?


-The UUP upside target was reached last Thursday and since then it has fallen dramatically. It is now coming into channel support. IF it breaks the daily 50-MA watch for this to happen:


-USO has been on a tear, but will it manage to close above $41.20 on a weekly basis? $41.20 has been extreme resistance. Tomorrow is "Good Friday."


-Potential inverse H&S developing on GLD. Upside target will be old support.

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