$GLD (Gartley Pattern) - Long Entry for the Knife Catchers

@Patternprofits just posted a link by @GoldMoneyNews. So I thought I would take a another look at the $GLD chart. Check out this Link on Gold. Explaining Money supply will lead to accelerated inflation. 
           Anyway, back to the chart of the GLD. Begining in May, it formed a Gartley long entry. While, I did not notice this earlier, the ideal entry was at the .786 retracement of the X to A leg at 151.62. However, trading the pattern you might have wanted to round up to 152-153, thinking it wouldn't retrace perfectly. Stop placement would be determined by your risk tolerance. While trying to catch a falling knife, it is probably prudent to keep a fairly tight stop. 
          I will be keeping a close eye here to see if I can possibly get a second chance at this entry, my stop will be slightly under 150.00. 

I do love criticism, feel free!

The $VIX $VXX

I was just thinking about the $VIX and this article on Yahoo somewhat answered my question. Check out the full article HERE.


"There is another possible explanation for VIX's seemingly strange reading. Many investors forget – or do not realize – that VIX only provides investors with a 30-day outlook on the U.S. stock market."

Daily

Weekly

 VXX

$SPY $QQQ - Bullish Optimism.. Inverse H&S

Possibly forming the right shoulder. The Measured Move on a Head and Shoulders is from the head to the neckline. I measure the first target from point of breaking the neckline, not through the high of the pattern, if that makes sense. That is just how I measure it. If this pattern completed, it would put the Spyders in new high territory, 138 area. 

If the Inverse Head and Shoulders completes. This bearish weekly ascending wedge would be considered failed.

 QQQ - Range bound and starting to reach the pinnacle of this triangle.