Watch for possible violent snap back in GLD. Out of gas to the downside.
Well 11 days. I’m watching for a reversal day today and or a rally on tomorrow’s numbers.
Very very rarely will I preemptively get into a position before price breaks an MA of merit. This is one of those times. With GLD under the containment MA of 2 days of highs for 8 days, the containment ratio of 4+ is very rare and I would argue a case where one might get preemptively long. Let’s see what happens the rest of the week maybe into next. Catching...
Well that looks like a significant low in GLD to me. Do we get a bounce or true up leg? We will see.
Well SPY seems to be thru the zero slope MA of lows. I like this as an initial entry point for a long position. Let’s see where we go the rest of the week. Will this be a right shoulder or a trip to yet a higher high?
The 28 day MA of lows is the zero slope MA just above the recent price action. Definitely game for a long position if broken. At least good for a right shoulder imho.
26 days above the 8 day MA of lows? C’mon people. That’s not going to hold. Let’s see how sharp and long the retracement is.
Looks like a blow off top. 3:1 containment. Those long now beware. Consider a short now and or on a break of containment MA 10 day MA of lows.
Looking for a right shoulder and then possibly a Fall. Let’s see if we get an autumn leave :-)
Lots of oversold metrics here. Let’s see what kind of rally off these levels we get if any.
GLD sitting just below the zero slope MA of lows. Definitely interested in upside if it jumps.
100 to 95 in 3 days! Containment ratio about 2:1 so I’ll look to get long on higher high maybe. Could be an intractable downtrend but I’ll trade for a decent bounce.
3:1 or more containment ratio. Had a break but probably not done. I’ll watch for break of 8 day MA of lows to short. Maybe not more than a day or two but I’ll take what it gives me.
Well it appears that the morbidly obese female has vocalized. Let’s see how high the note and how long it lasts.