Quick Market Update

A lot happens while you are posting, Gold did come down, the 2.5 days of no movement in the market did create a Bollinger band volatility squeeze and it did break, I'm glad it broke now rather than an hour or so later.

Just taking a quick look at a few indications including some 3C charts and the TICK, it looks like upside momentum s fading, so I'd be watching for either a consolidation or reversal shortly, like I said earlier, be careful about the first move in this situation (BB squeeze on zero movement) as its likely misdirection.

Now I'm going to gather some hard data, I do like that GLD has pulled back since the post.