the GLD short continues to play out exactly as forecasted and is now close to hitting the initial target on the weekly chart (bottom of the primary uptrend channel). i will study the charts later today to and post an update scenario and my thoughts as whether to take profits on the GLD swing short and possible play a long-side counter-bounce trade as this target is hit or hold for a possible break-down of the channel, which would likely usher in additional selling.  here’s the updated weekly chart along with the previous weekly from february 7th.