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rlim
Jun 7, 2015 7:53 PM
GLD consolidating lower
AMEX:GLD
1D
SPDR Gold Trust
Arca
Description
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Jun 7, 2015 7:53 PM
ADX at 13, indicating it is not trending
It headed south on Friday, when SPY opened below 50 dema.
I may consider selling a short put spread below 109.5 resistance
GLD
non-trending
Comments
rlim
⋅
Jun 7, 2015 7:55 PM
If SPY crashes, conventional thinking says GLD should go higher.
If SPY breaks up, I don't it will break support of 109.5
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If SPY breaks up, I don't it will break support of 109.5