sp'daily5
GLD, daily
Summary
*bearish engulfing candle for Gold...a turn lower.. post ECB? Probably.
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Suffice to say... overall choppy...
With the daily MACD (blue bar histogram) set to go positive cycle tomorrow... equity bears have a lot to be concerned about.
Naturally... a fail to keep pushing higher.. and then its a trip to sp'1960s.. where the 200dma is lurking.
Best guess... UP, but then.. that remains the default trend.. right?