The chart below shows GDX and the 16 trading day cycles.If the SPX tops also on October 14th near 2200, then the expected bottom in November should be November 18th.
(Click on image to enlarge)
Fed Induced Rally Into October 14th?
Fed minutes induced GDX rally into October 14th to the September 1 low at 25.17 looks likely. This could follow the stock market up to SPX 2200+/-.
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