GLD had hit my target at 109.50 area.
There are some individual stocks are heading backup.
If SPY stays and closes above the 13 day moving average, the market is heading back up.
Few weeks ago, I mentioned this pattern could micmic the same pattern from last June and July timeframe. This is early to tell yet.
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The SPY hit hit the target at 109. Is 112 in the horizon?
ReplyDeleteSold NG 6.18.
ReplyDeleteWatch how the market closes today.
ReplyDeleteIf the SPY closes above where its opened, it is going higher in the next few days.
If the SPY closes at where its opened or below it, the next leg down will start.
Bought SPXU 37.60.
ReplyDeleteumm, feeling more confident we are going down or are you averaging in?
ReplyDeletesheadus
BAS, I am playing the morning gap. There is a gap for SPXU at 38.50 to 39.
ReplyDeleteAlso the spot gold and gold stocks shot too much at the opening. There are gaps for gold stocks this morning. I am expecting to the gold stocks to retrace back down. That is why I got out of NG.
I'm going to sit that attempt out.
ReplyDeleteSPY pushed hard after close to 108.35'ish from what I remember on Friday..
and it's low this morning was 108.42..
so... they can have that gap!
conas
This suspicious rally is up on low volume.
ReplyDelete