Posted by: rp on the 12th of Dec 2011 at 11:29 am
didn’t expect to be updating these so soon but they both technically broke down less than two regular-session trading hours after posting them on friday. notes on charts but basically we gapped a hair below support on the both frames (daily and weekly) but i’d wait for a solid close below on the daily before shorting. i’ll also wait until the end of the week to see if GLD prints a close below the weekly trendline for an even better swing-short signal.
