February 23, 2013

GLD Weekend update

  • GLD Weekly chart with Stochastic shows Oversold readings. 
  • Daily chart shows the Death cross. But price has moved away too much from the key moving averages so price may do a reversal to the mean or a pause at the current levels.
  • Last chart shows 3 Unfilled GAP's in chart. Oversold condition of GLD may lead to a reversal attracting price towards these unfilled gap's.
  • SPX ANALYSIS AFTER CLOSING BELL
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