I mentioned there was a 1 min negative in GLD earlier, but now they are showing clear signs of negative divergences building.
gold futures 1 min are just starting a relative negative divergence
The GLD 1 min was negative earlier, now it's starting to lead negative.
The divergence is migrating to longer timeframes like this 2 min
and this 3 min
SLV is even seeing a 1 min negative as well as...
a 2 min negative, these were nearly perfectly in line at the open so this represents some deterioration in underlying trade.
This is why I'm not fond of making price-based, emotional decisions.
No comments:
Post a Comment