Interestingly, the SPY and others have formed the inverse with a bullish descending wedge, my expectation there would be the opposite of GLD with a break to the downside, which has occurred.
5 years ago
Monday, August 8, 2011
GLD/SPY
Keep an eye on GLD, it's pretty much doing what I'd expect out of the wedge, which is bearish.
Interestingly, the SPY and others have formed the inverse with a bullish descending wedge, my expectation there would be the opposite of GLD with a break to the downside, which has occurred.
Interestingly, the SPY and others have formed the inverse with a bullish descending wedge, my expectation there would be the opposite of GLD with a break to the downside, which has occurred.
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