The potential short trade on the daily GLD chart has new parameters. We haven’t had a ’price flip’ since completing TD Combo countdown and now we have a new ’setup’ that is more than 100% in price length than the previous setup. This forces us to put our trade execution (based on the sequential) on hold. However …. We now can go short (or exit longs, whichever you prefer) based on the new setup. This only requires a price ‘flip’. For today that means a close below 1243.10.Besides the weekly SPX which is on a ’sell’, the 10- year bond (yield) is close to registering a completed sequential countdown. I will post that chart tomorrow.
No comments:
Post a Comment