BudWiser
Short

GLD broke support

AMEX:GLD   SPDR GOLD SHARES
Technically, It appears that the last 4 hour bar broke support that has held since the gap up on 24 June. I calculate the next level of support @ 123.94 which was prior resistance and also the .236 fib retracement from the Dec 18 2015 low of 100.50 to the high of July 6 2016 @ 131.09

Fundamentally, if we have a strong jobs report on Friday (and i am sure we will no matter how many people are out of work) I'm looking to short (put options) with a TGT             of 112.31. I might just short Thursday night and look forward to Sec Lew telling everyone the books are not cooked on CNBC @ 0900 EST!!!

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out