Waiting for Long Pattern on Daily Charts to Complete for DIA IWM SPY and QQQ

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On Friday I stated that I was looking for the market to pull in and set up on the daily charts sometime this week between Monday and Thursday. I would then be looking for another pushup in the market before making a series of higher lows into the end of the year. Today the DOW was down about 78. This pattern should be complete no later than Thursday afternoon/Friday morning if the market continues to drift lower over the next couple days. The Russell 2000 is trying to play catch-up here and is starting to outperform the market. I would look to buy the exchange traded funds DIA, IWM, SPY, and QQQ once I get the oversold condition on the daily charts. Gold traded down to the 1052 level before trading up 10-11 and settling up about 7. Gold is extremely oversold here. The 1040 number is a big number for gold. If anyone wants to take a stab at gold I would look to buy gold in the 1040-1055 range with a 1038 stop. I was looking for gold to push above the 1090 level. Gold got up to the 1075-1081 level and has drifted lower since. On Friday oil traded above the 43 dollar a barrel level before drifting lower. At one point today oil was up 60-70 cents before settling up 5 cents. There is a ton of overhead resistance in oil. I would look to short oil in the 44.50-46.50 range off of the daily and weekly charts. I now have a buy signal for oil on the eight hour chart. I would look to buy oil in the 40.40-41.40 range with a 39.90 stop off of the eight hour chart. I think that oil is starting to build a base here and I think this buy signal will help push oil up over the next couple weeks.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.