Saturday, April 19, 2014
GLD-Weekly Chart
Gld on this Chart has either an S,H,S pattern or it rides the Regression line down to "D". The 'Break' (close) of the 'S' (shoulder) would be a crossing of the previous wave. I would say that Price needs to move back above the regression line and 'break' the previous short term High to be declared 'Bullish' again.
The Gann oscillator on this weekly chart is still Positive with the Stochastic Rsi oscillator moving downward. The same chart on the Daily Time Frame has the Gann oscillator Negative (bottom) with the stochastics at the bottom range as well .
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