sp'60min
GLD, daily
Summary
Little to add.
Price structure on the smaller hourly cycle is looking like a mini castle top - as I call them. Its a touch bearish, but really, daily/weekly cycles look bullish into tomorrow.
Next chance for the equity bears looks to be Wed'... the next EIA report..., and the Durables goods and GDP on Thurs/Friday respectively... won't likely be pretty.
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notable relative strength... miners
GDX, daily
The miners were whacked lower in pre-market.. but have been battling back.. and relative lt gold.. they are very strong.
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back at 2pm