Tuesday, July 17, 2012

Quick look at confirmation

Following the GLD charts, here's the SPY and some confirmation assets, keep in mind these are still on the 1 min timeframe or intraday moves.


 SPY 1 min going negative as mentioned.

 VXX should look the opposite, it does with a leading positive divergence

 The same for UVXY

And the flight to safety trade, TLT (Treasuries) also leading positive.

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