F_E_D Audit Bill Passes House

It looks like Ron Paul's "Audit the F_E_D" passed the house this afternoon and that is exactly what the market reacted to so quickly in both underlying 3C trade followed by price.

I was going to say, "I'm surprised GLD didn't crash", however there's deteriorating 3C trade in GLD.

I'm thinking this is a knee jerk reaction and we still have a good chance of those 5 min positive divergences sending the market higher, it may be a gap up that is faded quickly, but I want to wait a little longer and give it a chance before entering something like UVXY calls, although their longer term charts look incredibly good.

Here's GLD's reaction to the House vote (which by the way will probably go no where in the Senate or with the Pres).

 GLD 2 min suddenly shifts to a leading negative divergence.

The 5 min GLD chart does the same.