GLD-QE Sentiment

Since GLD seems to be the QE sentiment indicator I thought I'd start there, first GLD fell about half as much as the SPY and is now moving up. The SPX downdraft this morning landed and thus far has held at an interesting place, I'm always leery of early morning trade, but this is a bit interesting; I'll address that in the next post.

 GLD vs the SPY (red), obviously GLD didn't see the same extent of downside action.


GLD was negative on a 1 min chart on the open, but really 3C didn't fall much and put in a relative positive divergence which GLD is now moving up from.