Stock Market Decline Looks Set to Resume :: The Market Oracle …

Stock Market Decline Looks Set to Resume :: The Market Oracle …

Stock Market Decline Looks Set to Resume

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Stock Markets 2014Jul 14, 2014 – 03:21 PM GMT

By: Anthony_Cherniawski

Good Morning!

The SPX appears to have completed a correction near a level where Micro Wave a equals Micro Wave c at 1976.61. We should see a resumption of the decline thereafter.

NDX filled a need for a final probe higher this morning. The NDX often reaches its highs after the SPX. However, this is the last day for such an event, Cyclically speaking.

VIX declined to its mid=Cycle support, where wave (ii) may find its support. A resumption of Minute Wave [iii] appears imminent.

GLD fell off its perch with a decline beneath its Minute Wave [iv] low.

ZeroHedge reports, “UPDATE: Gold is down 2.5% – the biggest daily drop since early Dec 2013”

Regards,

Tony

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Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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