GLD 1 min. This looks like a bear flag may be setting up in GLD. Most of the day on a close zoom there has been confirmation, but when zooming out, you can see that it is within the context of a bigger relative negative divergence.
GLD 5 is showing the bear flag more clearly, the difference between GLD and SLV is the action in the run up to the plunge. You can see that 3C was not confirming the higher highs before the red arrow top.
SLV 3C 1 min. Essentially we have the same thing, more or less confirmation within a larger negative divergence.
SLV 3c 5min, you see before the top, 3c was making higher highs unlike GLD which is part of what we saw yesterday in the difference between the two with SLV looking stronger on 3C charts. Late in the day you can see the new highs for today are not being confirmed and this also looks like a bear flag.
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