Wednesday, May 27, 2015

Trade Idea: Swing GLD Long

I'm going with some June 29 GLD calls with a $114 strike.

There's a nice intraday positive divergence out to 15 min charts, I suspect this will be at least an easy gap fill in fairly short order.

 GLD 1 min positive

 Nice 5 min GLD positive leading divergence.

10 min leading positive

And all the way out to a 15 min chart which is around the swing trade length trade.

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