It is still summer, so no wonder GLD wants to refresh itself in the upper blue zone between $163.03 and $160.17, into which it has leaped so enthusiastically that we have to wipe droplets of water from our faces, watching the chart. Here, GLD should now finish wave (ii) in blue before resuming the overarching upwards movement. However, as part of our secondary...
never know. speculation. got carried away. need to break above 200 ema on dialy. maybe hit100 if break above for slight down turn heading into fed meeting/ rate hike. etc march 10th, 15th-16th.
i added these little short term lines yesterday.
(Basically the range) its touching the diagonal line i put up.
i think we stay the same today. and going back to open price.
and either break up Monday or Tuesday. or Fall hard.
im more feeling the upside in the coming week.
esp if the dollar dips!
this is for progress keeping purposes only not advice.
happy...
Short term little double bottom with a failed neck break.
with an over lapping abcd prediction.
this is more for live trading on such short time frames. good for finding entry's and exits.
Im also publishing to see future progress and predictions play out
SPY S&P500 has a bearish divergence on 4H and Daily chart..Also broke trend line support as well as Fibonacci support. Bearish crossover on RSI.
Short before continue to up trend.
Please hit "LIKE" to support.
Vinny
