I think I'm going to stick with my warning on GLD for the time being...
GLD 3C 2 min (a new timeframe for us using StockFinder)
GLD 5 min still negatve
The 15 min chart is starting to fall apart here.
As I mentioned earlier, for whatever reason, the dollar seems to be looking for its footing. It has stabilized since the last update. It may continue to base and form a rectangular trading range.
The 10 min $USD chart (via UUP as a proxy) just showed some rather incredible upside very quickly.
As has the 15 min. chart.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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