Here's why...
The trade is at a 44% profit and there are some signs of leading positive divergences on the short term timeframes.
GLD 1 min leading positive
GLD 2 min leading positive
3 min in a positive divergence and leading a bit.
I'm not closing the entire position because the 5 min chart remains in line with price, but I do want to take some of that profit off the table in case the 1-3 min divergences migrate to the 5 min chart.
Is interest rates about to start going up?
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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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