Tuesday, February 8, 2011

GLD Intraday Chart Request

I think I pointed out earlier that GLD is near gap resistance, so these charts aren't all that surprising...

 GLD 1 min showing a negative divergence at the top of today's range and a leading divergence in effect now.

 The 5 min chart hasn't confirmed today's gap up, not good for GLD.

 The 10 min chart is showing what looks like a trend reversal from the short term trend.

And finally the 15 min chart seems to be showing the same trend reversal with a lot of distribution into this recent pop.

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