There's still no 2 min negatives in GLD or SLV, only the 1 min which as I just explained (and have many times in the past) is a 50/50 chance of an intraday pullback or consolidation, usually it is definitely some correction as we are seeing now, however when the 2 min is added to the miix, then a correction through price becomes the highest probability correction.
Things being as they are, the probabilities are still 50/50 between a consolidation and correction, so far we've had a consolidation.
The 2 min SLV chart is actually leading positive now so it wouldn't be surprising if this consolidation ended and the move to the upside continued.
5 years ago
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