Gold long term daily and weekly trend is still intact.(see my other GLD charts) Short term we have a down channel . I've marked lines of support.
This is a good example of how NOT to chase huge gaps when a stock is at all time highs on daily / weekly frames.
Looks like Apple is heading down to the support area.Keep an eye on the FISHER.
No tricks here .Just simple supply and demand using DIVERGENCES.
We are at a critical point here,either it break above reistance or market corrects to the downside targets. Since we have a divergence it mostly likely breaks to the downside.
A comparison of the SPY and the SPY 100 above 200 . According to historical divergences,the SPY has reached a top. .........no more soup for you(the bulls).
When the W%R stays ABOVE -20 or BELOW -80 it signifies a very steady and strong move. Now I must admit this doesn't happen very often.Usually the W%R will drift around those numbers.But when you spot this action keep your hands in your pockets. Look back periods for the W%R very depending on security historical performance and time frames. Most used are 50,...