i’ve adjusted the most recent arrows noting the divergence to closer reflect the gap down in the FXE today, since the candlestick chart of GLD prices shows the gap while the FXE line does not (the arrows now both originate from the same starting point in time). the divergence still clearly exists as GLD did gap down in-line with the gap in FXE (although not as much as one would have expected based on past price moves), however, FXE has continued to sell lower since the open while gold has actually ripped higher since the open (continuing the divergence). bottom line remains that the odds higher favor a reversion to the correlation very soon, either by GLD down, FXE up or both.
